Archive

Monetary Authority of Singapore: Apr-24

• The Monetary Authority of Singapore (MAS) maintains the rate of appreciation of the S$NEER policy band to manage imported inflation and domestic economic pressures amid a nuanced global and local economic environment.
• Future policy decisions will be influenced by global economic conditions, domestic economic dynamics, and inflation trends, focusing on the anticipated easing of inflation by the end of 2024.
• MAS emphasizes its commitment to closely monitoring global and domestic developments, preparing to adjust policies as needed to ensure medium-term economic stability.

Sweden CPI Inflation 4.1% y-o-y (consensus 4.4) in Mar-24

- Sweden's CPI inflation in March 2024 slowed to 4.1% y-o-y, well below the consensus expectation of 4.4% and marking the lowest growth rate since January 2022.
- Although the inflation rate remains high, it is 2.86 pp below the 1-year average. The CPIF also slowed surprisingly far to 2.2%.