Rate cut.

The Development Bank of Singapore (DBS) sees the central bank cutting its benchmark rates further to stimulate economic activity as price pressures continuing to ease from year-ago levels. Last week, the government said inflation slowed to 4.8% in April, the lowest since December 2007, as gas and utility prices fell. "Although shifting energy prices might add volatility to the CPI, with aggregate demand still flagging, there will continue to be a broad cap on prices," DBS said in its note dated March 7. With inflation easing, the bank said it sees the …