'Overrated' monetary easing policies won't help Asia overcome slowdown: MAS chief Ravi Menon
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[SINGAPORE] The monetary easing that central banks have pursued will not address the fundamental issues that are ailing the global economy, Monetary Authority of Singapore managing director Ravi Menon said on Thursday.
Weak investment in the private and corporate sector, as well as stagnant trade growth are the real challenges that countries including Singapore are facing, and the ability of interest rate policies to solve these problems have been "overrated", he cautioned when speaking in a panel discussion at the Milken Institute Asia Summit.
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