Singapore inflation remains steady at 1.2% in November, missing estimates

Inflation Overview - Singapore's inflation in November remained steady at 1.2%, missing estimates of 1.3%, as higher service prices were offset by a decline in electricity costs [1] - Core inflation also came in at 1.2%, compared to expectations of 1.3% [1] Economic Performance - Non-oil exports surged 11.6% year on year in November, exceeding estimates of a 7% rise [2] - Singapore's economy grew at 4.2% in the third quarter, beating expectations of 4% expansion [2] GDP Forecast - The ministry of trade and industry upgraded the full-year GDP forecast to "around 4%" and projected 1%-3% growth for 2026, a significant revision from earlier warnings of potential zero growth [3] - The trade ministry noted that the global environment has proven more resilient than anticipated, with strong manufacturing and export demand in the third quarter [3] Monetary Policy - The Monetary Authority of Singapore (MAS) has maintained its monetary policy steady for the last two meetings after easing it in January and April due to global economic threats [4]