Menon is the Institute of Policy Studies’ ninth S R Nathan Fellow for the Study of Singapore. His book collects the four IPS-Nathan Lectures he delivered last July.
The era of cheap money, cheap labour and cheap energy is over, and Singapore must get used to higher prices as new cost structures emerge, says the managing director of the Monetary Authority of Singapore (MAS) Ravi Menon.
“There has been too much borrowing, too much inequality and too much carbon emissions globally. Interest rates are not going back to the zero lower bound that we have seen in the last two decades. The cost of borrowing will be higher, more reflective of time horizons and risk premiums,” says Menon at the launch of his book The Singapore Synthesis: Innovation, Inclusion, Inspiration.
