Here's what you need to know about Singapore's 4% Sinflation

Singapore dollar snubbed this news.

According to BBVA Research, sharply lower housing and transportation costs resulted in Singapore’s October inflation coming in below expectations (4.0% y/y, consensus: 4.5% y/y) after registering 4.7% y/y in September.

Here's more from BBVA Research:

The Singapore dollar largely ignored the news, ending the day broadly flat (+0.03%) at 1.225/USD. Today Singapore’s authorities also reaffirmed that inflation is expected to average around 4.5% in 2012 and between 3.5%-4.5% in 2013 (BBVA: 4.4% y/y and 3.4% y/y, respectively).

We believe inflation will grind lower for Singapore in the coming months largely due to high base effects as well as due to Singapore’s ongoing tight monetary policy – at its semi-annual policy meeting in October the Monetary Authority of Singapore decided to keep its appreciation trend in the Singapore dollar despite a slowing economy, in order to help stifle inflation.



More From Singapore Business Review

--

Get stories like this on the Yahoo app and discover more every day.
Download it now.
Loading...
 
Recent Quotes
Symbol Price Change % Chg 
Your most recently viewed tickers will automatically show up here if you type a ticker in the "Enter symbol/company" at the bottom of this module.
You need to enable your browser cookies to view your most recent quotes.
 
Sign-in to view quotes in your portfolios.

MARKET MOVERS

  • Most Actives
    Most Actives
    NamePriceChange% Chg
    0.108+0.001+0.93%
    AAJ.SI
    0.173+0.001+0.58%
    N21.SI
    0.83-0.02-2.35%
    Y92.SI
    3.84+0.02+0.52%
    Z74.SI
    0.96+0.01+1.59%
    G13.SI
  • % Gainers
    % Gainers
    NamePriceChange% Chg
    0.30+0.05+17.65%
    BKX.SI
    0.124+0.018+16.98%
    5H0.SI
    0.53+0.04+9.28%
    B58.SI
    0.15+0.01+8.70%
    UV1.SI
    0.65+0.05+8.33%
    BJW.SI
  • % Losers
    % Losers
    NamePriceChange% Chg
    0.245-0.030-10.91%
    BLZ.SI
    0.235-0.025-9.62%
    PA3.SI
    0.46-0.04-8.00%
    BFK.SI
    0.21-0.02-6.67%
    I49.SI
    0.30-0.02-6.25%
    BTG.SI

Market Data

  • Currencies
    Currencies
    NamePriceChange% Chg
    1.4184+0.0021+0.15%
    USDSGD=X
    1.5249-0.0002-0.01%
    EURSGD=X
    1.7773+0.0025+0.14%
    GBPSGD=X
    80.0990+0.626+0.79%
    SGDJPY=X
    5.4670-0.0074-0.14%
    SGDHKD=X
    3.1264-0.0066-0.21%
    SGDMYR=X
    9,400.6406-31.3408-0.33%
    SGDIDR=X
    4.8327-0.0041-0.08%
    SGDCNY=X
    1.0759+0.0001+0.01%
    AUDSGD=X
  • Commodities
    Commodities
    NamePriceChange% Chg
    1,212.70-2.90-0.24%
    GCG17.CMX
    17.20+0.02+0.11%
    SIH17.CMX
    92.77+1.51+1.66%
    ^XAU
    2.71+0.06+2.19%
    HGH17.CMX
    52.33+0.96+1.87%
    CLG17.NYM
  • Bonds
    Bonds
    TreasuryYield (%)Yield Change
    1.90+0.04
    ^FVX
    2.44+0.04
    ^TNX
    3.03+0.04
    ^TYX