Singapore's April inflation slightly exceeded expectations at 0.7% core and 0.9% headline, but remains low. Authorities cite downside risks due to global economic uncertainty, particularly US tariffs, and have loosened monetary policy and lowered growth forecasts.

• Core inflation rose for the first time since September.
• MAS forecasts 0.5% to 1.5% inflation for the year.
• GDP forecast downgraded to 0.2% due to US tariffs.