Macro-prudential tools can influence inflation, Menon says
Singapore successfully brought down inflation using macro-prudential tools
Monetary policy can be used to lean against financial imbalances but, in similar fashion, macro-prudential tools can tackle rising inflation, Ravi Menon, the managing director of the Monetary Authority of Singapore (MAS), said on October 8.
"In fact, in Singapore, we employed macro-prudential measures deliberately to help address inflation concerns as well, not just financial stability," he told an audience at the Federal Reserve Bank of New York.
From 2010–12 Singapore's inflation averaged
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