Based on findings from a survey backed by MasterCard and SMU, Singapore households had lower inflation expectations in March compared with December last year. Dr Aurobindo Ghosh, Programme Director at SMU's Sim Kee Boon Institute for Financial Economics said: "Given the downward trend in the Singapore Inflation Expectations Index, albeit nascent, we are cautiously optimistic that the public's perception on inflation expectations is a good reflection of a more positive IMF World Economic Outlook".

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