The Economic Times
15 Apr 2008
SINGAPORE: Singapore's inflation will remain high in the first half of the year at above 6.5 percent, the country's trade minister said on Tuesday, despite the central bank tightening monetary policy last week to fight rising prices.
"Our projection is that inflation will stay fairly high at this current level, above 6.5 percent for the first half of the year. And then we expect it to go down in the second half of the year," Trade Minister Lim Hng Kiang told reporters on the sidelines of a conference.
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