Central Banks

Singapore – head of MAS says inflation surprise could force cent banks to react faster

Monetary Authority of Singapore Mangaing Director Menon

  • Inflation surprise could force global central banks to react faster than they today expect

  • Sustainable rate of growth in Singapore is 2-4 percent, big unknown is whether going to be in 2-3 pct range or 3-4 percent range
  • Would not rule out issuing cryptocurrency directly to public but is not sure it’s a good idea
  • When cryptocurrency crash happens hopes it does not undermine the underlying technologies such as blockchain
  • in no rush to issue digital currency

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