Economics
Singapore Central Bank ‘Ready to Act’ Against Inflation Risks
- Longer supply disruptions ‘big unknown’, ‘risk factor’: Menon
- Recent policy tightening ‘deliberately small’ amid growth risk
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Singapore’s top central banker said the monetary authority is watching for signs of accelerating inflation and is ready to act, underscoring how policy makers globally are refocusing attention on rising prices after their extraordinary efforts to weather the pandemic.
“Overall, I’d say the balance of risk has shifted toward inflation,” Ravi Menon, managing director of the Monetary Authority of Singapore, said in an interview with Bloomberg Television broadcast Tuesday. “We will be very watchful of any risk of escalation in prices, and we stand ready to act.”