Singapore to be on guard against inflation pickup: MAS' Menon

SINGAPORE (Oct 25): Singapore’s central bank chief said while inflation is still well below the historical average, policy makers need to be proactive if a stronger economy results in a pickup in price pressures.

Inflation will climb at some point if economic growth continues to strengthen, and under those circumstances, the central bank -- like others around the world -- needs to be forward-looking, Ravi Menon, managing director of the Monetary Authority of Singapore, said in an interview at the bank’s headquarters in the city on Tuesday.

“Our track record shows that we are keenly focused on inflation, keeping inflation under control,” he said. “And as long as inflation remains benign, the current policy stance has been appropriate.”

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