Khoon Goh, head of Asia research at ANZ, points out that the Singapore’s CPI data for March came in below expectations on both the headline and core measures. Key Quotes “The CPI-All Items inflation edged up to 0.6% y/y but fell short of market and our expectations. The miss relative to our forecast was due to softer prices across several components, where the usual post Chinese New Year bounce failed to materialise. This resulted in the MAS Core Inflation edging slightly lower than the previous month to 1.4% y/y in March.” “The impact of the Open Electricity Market (OEM), which officially launched on 1 November 2018 and saw more areas covered on 1 March, had a much bigger impact in pushing down electricity prices than we first thought. By our estimate, the OEM alone is responsible for pushing down the MAS Core Inflation by 0.2ppts.” “Firm labour market conditions will help support wage growth. But this is unlikely to create inflationary pressures at present. We expect to see core inflation edging slightly lower in the coming months and remain comfortably within the MAS’s 1-2% forecast range this year. Hence, the MAS looks set to leave policy settings unchanged for the rest of this year.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Kuwait’s OiMin Al-Fadhel: OPEC ministers will discuss the group’s crude output at a meeting next month FX Street 4 years Khoon Goh, head of Asia research at ANZ, points out that the Singapore's CPI data for March came in below expectations on both the headline and core measures. Key Quotes "The CPI-All Items inflation edged up to 0.6% y/y but fell short of market and our expectations. The miss relative to our forecast was due to softer prices across several components, where the usual post Chinese New Year bounce failed to materialise. This resulted in the MAS Core Inflation edging slightly lower than the previous month to 1.4% y/y in March." "The impact of the Open Electricity Market (OEM), which… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
