Central Banks
Singapore Extends MAS Chief Menon’s Term For Up to Two Years
- Menon is Singapore central bank’s longest-serving chief
- MAS says Goh Chok Tong to step down as senior adviser
Ravi Menon
Photographer: Ore Huiying/BloombergThis article is for subscribers only.
Singapore extended the term of its central bank chief Ravi Menon by up to two years.
The re-appointment of Menon, 59, is valid until May 31, 2025 or his retirement from the public service, whichever is earlier, the Monetary Authority of Singapore said in a statement Friday. The MAS doesn’t typically flag the possibility of an earlier departure in such announcements, leaving the door open for the career central banker to exit before the end of his renewed term.