Singapore’s inflation rate will rise further in the first quarter of 2011 and external factors will affect prices, Finance Minister Tharman Shanmugaratnam said in parliament today.
Market analysts expect local interest rates to stay low, he said, adding that the current levels of borrowing costs reflect global monetary conditions. Food price inflation is a concern, he said.
Market analysts expect local interest rates to stay low, he said, adding that the current levels of borrowing costs reflect global monetary conditions. Food price inflation is a concern, he said.
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