s'pore is in deflation

[krafty]

"Our monetary policy decisions recognise that inflation is low today, but is likely to rise over the medium term amidst a tight labour market. They aim to secure price stability during a period of transition when cost pressures are still significant, while as the economy moves gradually towards productivity-led growth," Tharman said.

https://sg.finance.yahoo.com/news/monetary-policy-not-change-fundamentally-062800528.html


how can tight job labour market cause inflation??? and the economy is shifting towards productivity led kind of growth. ya right, more jobs for foreigners mean less jobs for sinkies and it is a myth that is productivity led growth, it is a known fact sinkies are not productive at all. they are better at office politics and back stabbing their own kind while the foreigners flourish in their jobs.:oIo:

 

[syed putra]

Inflation? Which planet PAP in? Everything coming down. Even my balls hanging lower than before.