Skip to main content

Singapore inflation worries, BBM taking the right steps

Rising inflation and a strong economy have fuelled talk that monetary policy in Singapore will need to be tightened further. But we think the backdrop will have changed by the time the Monetary Authority of Singapore (MAS) next meets in October. Our forecast is that monetary settings will remain on hold for the rest of this year. Meanwhile, in the Philippines, Benjamin Diokno (the current central bank governor), has been appointed as the new financial secretary. The announcement of an experienced technocrat in a key position should help ease the concerns of investors, who have been unnerved by the election of Ferdinand “Bongbong” Marcos Jr. as the country’s new president.

Become a client to read more

This is premium content that requires an active Capital Economics subscription to view.

Already have an account?

You may already have access to this premium content as part of a paid subscription.

Sign in to read the content in full or get details of how you can access it

Register for free

Sign up for a free account to gain:

  • Unlock additional content
  • Register for Capital Economics events
  • Receive email updates and economist-curated newsletters
  • Request a free trial of our services


Get access