According to a recent study by DBS and the SMU Sim Kee Boon Institute for Financial Economics (SKBI), Singaporeans' overall inflation expectations in the next one year has increased to 3.1%. The latest DBS-SMU SKBI Singapore Index of Inflation Expectations (SInDEx) Survey found that this is higher than overall projection reported in June, which was at 2.7%. SMU Assistant Professor of Finance and founding Principal Investigator of the DBS-SKBI SInDEx Project, Aurobindo Ghosh highlighted, “Responding to global cues like the energy shortages in China, pandemic induced global supply chain disruption including chip shortages and cyclical increase in energy and commodity prices, One-Year-Ahead inflation expectations among Singaporeans increased both in an aggregate sense and for major components like food, transportation, housing & utilities, and healthcare, among others.”
SMU and Citi Foundation organised an online financial literacy symposium on Friday (Sept 10). Speaking at the event, Minister of State for Manpower Gan Siow Huang pointed out that financial resilience and know-how are vital, especially amid the kind of crisis the world is facing now.
SMU Professor of Finance Dave Fernandez, who is also the Co-Director of the Singapore Green Finance Centre, pointed out that international consensus and government support are the drivers of the development of sustainable finance in recent years, such as the UN Sustainable Development Goals 2030, Singapore Green Plan 2030, and the Paris Climate Agreement. Financial industries, as important participants in the market, play a crucial role in providing the investment and helping shape the society into a low-carbon economy. Climate issues, such as the recent Texas deep freeze, have led to the increasing attention on climate risk and its impact on social activity.
The latest quarterly survey for the Singapore Index of Inflation Expectations (SInDEx), released by DBS Bank and the SMU Sim Kee Boon Institute for Financial Economics (SKBI), found that locals have a higher projection for headline inflation of 2.7% this year. This is an increase from 1.9% and 2.2% in September and December last year, respectively.
The latest quarterly survey for the Singapore Index of Inflation Expectations (SInDEx), released by DBS Bank and the SMU Sim Kee Boon Institute for Financial Economics (SKBI), found that locals have a higher projection for headline inflation of 2.7% this year. This is an increase from 1.9% and 2.2% in September and December last year, respectively.
A majority of Singaporeans (roughly 60%) expect COVID-19 to have a “moderate impact” on both economy and household inflation expectations, with the effects lasting “around one year." This is according to the latest DBS-SKBI Singapore Index of Inflation Expectations (SInDEx) Survey at the Sim Kee Boon Institute for Financial Economics (SKBI), Singapore Management University (SMU). Note that the survey was conducted prior to the “circuit breaker” period.
Melissa Ang, a student trainer in the Citi-SMU Financial Literacy Programme for Young Adults, shared in an article that one could maximise savings on online purchases by looking for promotions, receive cashback on certain sites, and to shop at sites which offer free shipping.
The latest quarterly survey for the Singapore Index of Inflation Expectations (SInDEx) from the Sim Kee Boon Institute for Financial Economics at SMU indicated that both medium-and long-term inflation expectations have cooled from three months ago, despite the potential of a trade war between the US and other major economies, particularly China.
The findings were derived from an online survey of about 500 randomly selected individuals representing a cross-section of Singaporean households. Singaporeans’ median headline inflation projection for one year from now stood at 3.11 per cent last month, down from 3.43 per cent in March. "The risk to global free trade with unilateral or retaliatory tariffs imposed pose a clear and present danger to price stability in the globalised economy," said SMU Assistant Professor of Finance Aurobindo Ghosh, who heads the SInDEx project.
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