Inflation expectations fall in Singapore – Market Talk

According to the quarterly survey for Singapore Index of Inflation Expectations by SMU, Singapore households expect one-year-ahead inflation to be 3.53 per cent. Three months ago, the respondents had expected the rate of 3.73 per cent. SMU commented that the dip in oil prices and other signs of weakness in the nascent global recovery, coupled with an expectation of an increase in benchmark interest rates have led to the reduced inflation expectations.