Monetary Authority of Singapore out with forecasts 27 Oct
- GDP then moderating slightly in 2018
- while risk of renewed disinflation has receded there is little indication of imminent acceleration in underlying price pressures
- host of labour market indicators suggest labour market has improved slightly, overall demand expected to improve in near term
- previously accumulated slack in labour market will take time to be absorbed, wage pressures unlikely to build up rapidly
The latest Singapore jobless data came in a little earlier:
- Q3 jobless rate 2.1% vs 2.2% exp vs 2.2% prev
USDSGD currently 1.3684 near Oct and Aug highs
