Singapore stocks opened muted on Tuesday (Mar 26) morning after data for Singapore’s headline and core inflation in February came in hotter than anticipated.
Figures released on Monday showed that headline inflation for February climbed 3.4 per cent year on year, up from 2.9 per cent in January. This exceeded the 3.2 per cent median forecast by private-sector economists, who expect the Monetary Authority of Singapore to leave its policy parameters unchanged despite the inflation growth.