24 Jul 2008
July 24 (Bloomberg) -- Singapore's central bank raised its inflation forecast for 2008 for a third time this year, underscoring the need for vigilance on price gains even as economic growth is set to ease in the coming quarters.Consumer prices may rise 6 percent to 7 percent this year, more than a May forecast of 5 percent to 6 percent, Monetary Authority of Singapore Managing Director Heng Swee Keat said in Singapore today. The central bank must ensure that inflation expectations are ``anchored,'' he said.
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