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Singapore Monetary Authority survey: The Monetary Authority is expected to further relax policies in July

Online report, survey by the Monetary Authority of Singapore: Most respondents expect that the policy review in July will further relax monetary policy. Economists expect growth to be 1.7% in 2025, down from the 2.6% surveyed in the first quarter, and growth is also expected to be 1.7% in 2026. The overall CPI inflation forecast for 2025 is 0.9%, down from 1.7% in the first quarter, and 1.5% in 2026. The core inflation rate is expected to be 0.8% in 2025, down from 1.5% in the first quarter survey, and 1.5% in 2026. Economists expect the economy to grow by 3.0% year-on-year in the second quarter of 2025.

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