A TEAM from the International Monetary Fund (IMF) has said at the close of its visit to Singapore that as the economy recovers amid gradual disinflation, the Republic’s monetary policy should remain tight until inflationary pressures recede. IMF economist Masahiro Nozaki, who led the team in discussions in Singapore from May 7 to 16, said: “The current monetary policy stance is appropriately tight and geared towards continued disinflation. However, risks to inflation remain tilted to the upside.” He highlighted that intensified geopolitical conflicts could increase volatility in global energy and food prices, and that the tight labour market and accumulated cost pressures from high wage growth in the past could lead to continued inflation stickiness.   https://www.businesstimes.com.sg/singapore/economy-policy/singapores-monetary-policy-should-remain-tight-until-inflationary-pressures-recede-imf (ICE SINGAPORE)

Fonte notizia: The Business Times, 16 May 2024