Asian Currencies Subdued as Yen Slides Ahead of Fed, BOJ Decisions 
Venezuela Nears Deal to Move $4 Billion in Gold to New York Fed 
Gold Rebounds Above $4,300 Despite Hawkish Fed Rate Hike 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Asian Stocks Rise After Fed Rate Hike 
Best Gold Stocks to Buy Now: AABB, GOLD, GDX 
Saudi Arabia Raises Security Alerts as Houthi Attacks Threaten Oil Routes 
Trump Threatens EU Tariffs Over Canada Membership Proposal 
Yemen Fighting Threatens Red Sea Oil Routes 
Asian Gold Stocks Rise as Bullion Rebounds on Softer Dollar 
Add as a preferred source on Google
Singapore’s core inflation is expected to rise past 2 percent into the end of the year, and over the first half of next year, which is why the Monetary Authority of Singapore (MAS) is seen to tighten policy at their upcoming monetary policy meeting in October, according to the latest report from ANZ Research.
Today’s Singapore CPI data for August did not contain much surprise. CPI-All Items inflation rose to 0.7 percent y/y from 0.6 percent y/y the previous month, which was in line with market expectations. The MAS Core Inflation was unchanged at 1.9 percent y/y, below market expectations.
The improvement in the labour market should see a further pick-up in wages, which will feed through into inflation. High oil prices will also result in higher utilities and public transport costs as a direct effect, with some indirect flow-through as well, mainly into next year.
"We estimate that the 1.7 percent m/m decline in the communication index shaved around 0.1ppts from headline inflation. The drop in food prices is likely temporary, and should recover given the rise in global food prices," the report commented.
