MAS lowers overall inflation forecast for 2024 to 2.5% to 3.5% from 3% to 4%

The Monetary Authority of Singapore has kept monetary policy unchanged for the third consecutive meeting. This is in line with market expectations. The central bank has also lowered its overall inflation forecast for the year. It is now forecasting that overall inflation will come in between 2.5% and 3.5%, down from the previous range of 3% to 4%. Barring any further global shocks, MAS said the Singapore economy is expected to strengthen in 2024, with growth across various sectors. Subscribe to our channel here: https://cna.asia/youtubesub Subscribe to our news service for must-read stories: Telegram - https://cna.asia/telegram WhatsApp - https://cna.asia/whatsapp Follow us: CNA: https://cna.asia CNA Lifestyle: http://www.cnalifestyle.com Facebook: https://www.facebook.com/channelnewsasia Instagram: https://www.instagram.com/channelnewsasia Twitter: https://www.twitter.com/channelnewsasia TikTok: https://www.tiktok.com/@channelnewsasia