Halister News

(Bloomberg) -- Singapore’s inflation rate probably remained negative in March, economists surveyed by Bloomberg say.

• Consumer prices fell 1.0% y/y following 0.8% decline in Feb., median est. in survey shows; ests. range from -1.4% to -0.4%; data due 1pm local time
• Negative inflation seen lasting until 4Q, according to Bloomberg quarterly survey in March
• MAS said on April 14 CPI-all items inflation would stay negative through 2016
• Feb. CPI was lower than forecast, at -0.8% y/y vs -0.7% est.; SGD fell 0.5% to 1.3667 per dollar on March 23, day data was released
• SGD rose 4.3% vs U.S. dollar in March, finishing month at 1.3484; up 0.1% today at 1.3553 per dollar