Singapore Watchful of Inflation, Overheating Risks

Singapore’s policy makers need to be watchful of escalating prices and overheating risks in the economy after last year’s “exceptional” expansion, Senior Minister of State for Trade and Industry S. Iswaran said.

“There is no need for stimulus measures” even as growth slows this year, Iswaran told parliament in Singapore today. “If anything, we need to be watchful of overheating risks and rising inflationary pressures as the labor market tightens and capacity constraints become more binding.”