Euro zone inflation unchanged at 2.2% in April, leaving path open for further ECB interest rate cuts
Euro zone inflation was unchanged at 2.2% in April, missing expectations for a move lower, flash data from statistics agency Eurostat showed Friday.
How tariffs could shape interest rates in 2025: What Trump's 'Liberation Day' means for Singapore home loans
The US Federal Reserve is expected to cut rates, but mortgage rates in Singapore, particularly those tied to Sora, usually lag behind global moves.
Ripple offered to buy stablecoin rival Circle for up to US$5 Billion
Circle issues of one of the world’s largest stablecoins, crypto tokens pegged to the US dollar or other currencies that are used by traders to move digital assets
Climate adaptation solutions could offer $11.7 trillion investment opportunity by 2050: GIC
This is up from the current US$2 trillion investment opportunity for this sector, according to a new report by Singapore sovereign wealth fund GIC.
Australia’s core inflation slows to 3-year low in Q1, supports May rate cut
Also encouragingly, inflation in the services sector slowed to 3.7 per cent in the first quarter, the lowest since the June quarter of 2022.
US consumer spending surges in March, inflation cools
The Fed tracks the PCE price measures for its 2 per cent inflation target. Economists are forecasting a surge in inflation this year as the import duties raise the cost of goods.
Trump’s trade war puts Singapore’s economic growth, jobs and wages at risk, says MAS
The weakening growth outlook will, however, keep inflation – already at a four-year low – modest, with both core and all-items inflation averaging between 0.5 per cent and 1.5 per cent in 2025.
China waives tariffs on some US goods, but denies Trump’s claim that talks are under way
Business groups said China has allowed some US-made pharmaceuticals to enter the country without paying the 125 per cent duties that Beijing imposed earlier in April,
US not ready to lower tariff on imports from Singapore, but agrees to explore way forward: DPM Gan
He had a “productive” virtual meeting with US Secretary of Commerce Howard Lutnick on April 25 to discuss bilateral economic and business ties.
HDB resale flat, private home prices moderating; macroeconomic outlook a concern
Meanwhile, prices in the landed private property segment stabilised, gaining 0.4 per cent in the first quarter, compared with a 0.1 per cent drop in the previous quarter.
Core inflation in Japan’s capital sharply accelerates in April
The data comes ahead of the BOJ policy meeting on Apr 30 to May 1, where the central bank is widely expected to keep short-term rates steady at 0.5 per cent.
IMF cuts Singapore’s GDP growth forecast for 2025 on tariff shock
Its real GDP growth forecast for Singapore is now 2 per cent for 2025, from 4.4 per cent achieved in 2024. Its previous forecast for 2025, released in October 2024, was 2.5 per cent.