MAS: Global growth risks risen ‘significantly’

Unlike most analysts, Brian Tan, an economist at Nomura in Singapore,.doubts that the Monetary Authority of Singapore (MAS) will tighten policy next year.

SINGAPORE: Singapore’s central bank said tail risks to global economic growth have increased “significantly” in the past six months because of a pick-up in inflation and trade tensions.

“The world has clearly moved from trade tension to trade conflict,” Ravi Menon, managing director of the Monetary Authority of Singapore, told reporters at the release of the bank’s annual report yesterday.