Singapore's Inflation Rises Slightly in September

In Singapore, core inflation rose to 2.8% in September, exceeding expectations, while overall inflation eased to 2%. The Monetary Authority of Singapore anticipates a gradual moderation to around 2% by year-end, although some economists find this target ambitious given the current trends. Meanwhile, in Europe, the ECB's Lane reported underlying inflation measures have significantly decreased, indicating a positive trajectory towards targets by 2025, with wage pressures expected to ease. In the UK, Bank of England's Catherine Mann acknowledged a recent decline in inflation but stressed that services inflation needs further improvement to meet the 2% target. The Reserve Bank of India maintained its policy rate at 6.5%, with a cautious outlook on inflation, despite a recent uptick in retail prices primarily driven by food costs. Overall, central banks are balancing the need for cautious monetary policy with the ongoing inflationary pressures across different regions.