The outlook for the Asia-Pacific region is bright. Many countries continue to grow, helped by healthy business activity and robust government policies. But new challenges are manifold. Commodity prices have remained low, limiting resources in commodity-exporting economies when public and social spending needs are high. Technological and financial innovation are pushing at the frontiers of modern life, but also put new demands on supervision, regulation, and policy making.
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A High-Level Peer-to-Peer Forum for ASEAN Countries, jointly organized by the IMF, Monetary Authority of Singapore and the STI was held in Singapore in July to discuss monetary policy design and implementation. Senior officials and IMF and international experts in attendance at the interactive sessions concluded that upgrades to policy frameworks in Asia are needed to meet current global challenges.
Modernizing Monetary Policy Frameworks in ASEAN Countries
Happenings at STI
I would like to take this opportunity to appreciate the IMF team in their excellent performance. The role playing was very impressive and very close to the reality.
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Participants’ Comments - Safeguards Assessments of Central Banks (ST18.23)
The High-Level Peer-to-Peer Forum on Monetary Policy in the ASEAN countries held in Singapore on July 9-10, 2018, was an extraordinarily well-organized and effective event. Representatives from ASEAN central banks gave detailed and transparent policy presentations on their different approaches to inflation targeting. The exchange of views (with the IMF and other international experts)—whether related to upcoming global challenges or local policy implementation—represented genuine progress toward improved monetary policy in the region.
Please see Professor John Taylor’s Speech → Link
Professor John B. Taylor