New Delhi, July 23 -- Singapore's core inflation data came at the mark of 0.6 per cent in June, lower than the forecasts made by economists and growth analysts. The Monetary Authority of Singapore (MAS), and the Ministry of Trade & Industry (MTI) highlighted in a joint statement that the price surge in retail and other goods is driven by reduced inflation across major consumer goods categories.
The Monetary Authority of Singapore, or MAS, is a central bank and the main financial authority of Singapore. MAS was established in 1971 with a goal to oversee the financial sector, which includes banking, insurance, and securities. The institution is responsible for formulating monetary policies, issuing currency, and managing foreign reserves.
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