The Business Times
business-time-50

MAS likely to hold in July as Singapore’s May core inflation undershoots forecasts: economists

The 1.4% rise is largely due to lower services inflation, which offset higher food and retail and other goods inflation

Summarise
google-preferred-sourceAdd BT as a preferred source
Tessa Oh

Tessa Oh

Published Tue, Jun 23, 2026 · 06:27 PM
阅读简体中文版 (beta)
    • Inflation risks remain tilted to the upside, as a slower-than-expected resumption in global energy supplies or continued shortages of key inputs to supply chains could further raise imported costs, say MAS and MTI.
    • Inflation risks remain tilted to the upside, as a slower-than-expected resumption in global energy supplies or continued shortages of key inputs to supply chains could further raise imported costs, say MAS and MTI. PHOTO: BT FILE

    [SINGAPORE] The Monetary Authority of Singapore (MAS) is likely to hold monetary policy settings steady at its July meeting, private-sector economists said on Tuesday (Jun 23), after core inflation held at 1.4 per cent in May, defying forecasts of an acceleration.

    Data from the Singapore Department of Statistics showed core inflation unchanged from April, coming in below the 1.6 per cent median estimate in a Bloomberg poll of private-sector economists.

    MAS and the Ministry of Trade and Industry (MTI) said in a joint statement that the reading was largely due to lower services inflation, which offset higher food and retail and other goods inflation.

    Singapore economyElectricitySingapore inflationMonetary Policy

    TRENDING NOW

    Altitude Xperience argued that the rooftop space in contention was not considered an unused space.

    Simba ordered to pay S$700,000 in damages to indoor skydiving operator Altitude Xperience for trespass

    Vincent Tan, founder of Berjaya Group, has reduced his holdings in multiple companies within the group.

    Malaysian tycoon Vincent Tan’s sell-downs point to pruning rather than an exit plan

    Some industry watchers wonder if Orchard Road can hold its own next to competing retail destinations, both global and local.

    What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future

    The sudden reversal comes a mere days after a US$75 billion initial public offering (IPO) that was reportedly more than four times subscribed.

    Back to Earth for SpaceX? Why the US$2 trillion titan shed US$600 billion in 3 days

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More