Market View: A look at how the ASEAN region is dealing with inflationary pressures

Your Way Home with Hongbin Jeong · Jul 14, 2022 · 15m

Central banks around the ASEAN region are working to quell inflationary pressures. At home, the Monetary Authority of Singapore announced hours ago that it would re-centre the mid-point of the Singapore dollar nominal effective exchange rate or (S$NEER) policy band in a surprise off-cycle move after raising its full-year core inflation forecasts by 0.5 per cent to between 3 and 4 per cent. And earlier we saw Indonesia’s headline inflation for June spiked to a 5 year high of 4.4 per cent on-year, breaching Bank Indonesia’s 4 per cent target upper-bound. To what extent will central banks move…