Asean countries no longer behind the curve: Singapore’s Menon

Central banks in Association of Southeast Asian Nations (Asean) have increasingly demonstrated a capacity to conduct monetary policy in a timely fashion, Ravi Menon, the managing director of the Monetary Authority of Singapore, said on Wednesday.

At the Merrill Lynch Asian Stars Conference 2011, in Singapore, Menon said: "Policymakers in most Asian economies are not behind the curve, or at least not anymore. Central banks in Asean are deeply cognisant of underlying inflation risks. They have

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