Monetary authority of singapore 2065438+0165438 announced on April 4th that it would continue to tighten monetary policy, raise the fluctuation range of the Singapore dollar exchange rate again, allow the Singapore dollar to continue to appreciate moderately, and curb inflation.
With the sustained recovery of the external economy, Singapore's economic growth rate has remained at a high level. It is predicted that there may be a temporary slowdown in the second quarter, but it will accelerate again, and the annual growth will still reach the forecast of 4% to 6%. However, due to the shortage of factor market, the estimated cost and inflationary pressure are still relatively large.
Singapore's inflation level has reached 5.2% in the first two months of this year. HKMA predicts that Singapore's inflation rate will drop to about 3% in the fourth quarter, and the annual inflation will be at a high level of 3% to 4%.
HKMA believes that although the transportation and housing costs will show a downward trend, and the base has been at a high level last year, inflation will slow down in the future, but due to the tightening of the labor market, the transmission effect of wage increase may become a new inflationary pressure, and this effect may gradually emerge.
Monetary authority of singapore tests its monetary policy every six months. Last April and June, 5438+00, the austerity policy was implemented twice.