MAS ups Singapore inflation forecast for 2011 .. HUAT AHHH

[Rogue Trader]

Singapore central bank raises inflation forecast

AP – 24 minutes ago

SINGAPORE (AP) — Singapore's central bank has raised its inflation forecast for this year because of higher expected housing and transportation costs.

Monetary Authority of Singapore Managing Director Ravi Menon said in a speech Thursday that the bank expects an inflation rate between 4 percent and 5 percent, one percentage point higher than its previous forecast.

Menon said the government's 2011 economic growth forecast between 5 percent and 7 percent remained unchanged.

Menon said a stronger Singapore dollar has helped lessen the impact of higher global oil and food prices.

Singapore's inflation rate fell to 4.5 percent in May from 5.5 percent in January.

 

[Papsmearer]

Singapore central bank raises inflation forecast

AP – 24 minutes ago

SINGAPORE (AP) — Singapore's central bank has raised its inflation forecast for this year because of higher expected housing and transportation costs.

Monetary Authority of Singapore Managing Director Ravi Menon said in a speech Thursday that the bank expects an inflation rate between 4 percent and 5 percent, one percentage point higher than its previous forecast.

Menon said the government's 2011 economic growth forecast between 5 percent and 7 percent remained unchanged.

Menon said a stronger Singapore dollar has helped lessen the impact of higher global oil and food prices.

Singapore's inflation rate fell to 4.5 percent in May from 5.5 percent in January.

Don't believe this kekling snakehead ravi. He is a lying piece of shit. Inflation is probably double digits.

 

[Char_Azn]

Was reading this on ST
http://www.straitstimes.com/BreakingNews/Singapore/Story/STIStory_693013.html

Inflation getting push up by COE and Housing.

 

[annexa]

Inflation between 4-5 percent. Economy growth is between 5-7 percent. So the real economy growth is 5-5 = 0% to 7-4 = 3%. So sinikieland real growth is actually 0-3%.

 

[red amoeba]

there is another report - MAS made a 10bn loss...blame it on rising SGD...wow.

10bn...paper loss?

 

[Eugenics]

Nobody gives a shit and no one question ?