MAS: Singapore, global economy will be able adjust to Fed hikes - RTRS
|Reuters reports comments from the Managing Director of the Monetary Authority of Singapore (MAS), Ravi Menon, speaking after the release of the MAS's annual report.
Key Quotes:
"The rise in rates is itself a response to strengthening economic activity. But vigilance is still called for. Economies and markets ... could be thrown off balance if rates rose faster than expected"
The current neutral stance of monetary policy - in place since April last year - remains appropriate for an extended period given the stable inflation and growth prospects”
"The property market has substantially stabilised over the last three years. It is, however, not time yet to ease the cooling measures"
"Regional property markets have been buoyant and their respective authorities have... introduced further property cooling measures. Easing the measures now will send a wrong signal"
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