Singapore brings inflation back in range, but household debt worries persist
Singapore's Consumer Price Index (CPI) inflation rate dipped below 3% in the first six months of the financial year 2012/13, for the first time since 2010, but "extremely loose" global monetary conditions and a growing debt-to-GDP ratio remain concerns, Monetary Authority of Singapore (MAS) managing director Ravi Menon said today at a press conference following the release of the bank's annual report.
Menon said CPI inflation had come down "within MAS' comfort range" after three years at close
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