Central Banks

Singapore Central Bank Chief Rules Out Politics Post Retirement

  • Menon shares advice with successor, discusses laundering case
  • MAS boosted controls on single family offices before scandal

Ravi Menon

Photographer: Ore Huiying/Bloomberg
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Singapore’s longest-serving central bank chief ruled out entering politics after he steps down at the end of this year, departing from the route taken by some of his predecessors.

“There are other good things you can do without becoming finance minister, although our finance minister does a very good job,” Monetary Authority of Singapore Managing Director Ravi Menon said in an interview with Bloomberg News on Oct. 27. Pressed by Bloomberg Television’s Haslinda Amin on whether a run for political office can be ruled out, he said “Oh, you can.”