Menon urges policy-makers to take a longer term view
Central banks around the world are likely to be successful in their efforts to curb the current bout of inflation brought about by a post-lockdown surge in demand and supply-side constraints, but price pressures look set to surface more frequently in the medium term, according to Ravi Menon, managing director of the Monetary Authority of Singapore.
Menon believes several structural changes are taking place in the global economy that look set to herald an end to lower-for-longer interest rates
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