28 May '14, 5am

Property cooling measures have done their job: MAS chief _Today 26.05.2014

Property cooling measures have done their job: MAS chief SINGAPORE — The head of the Monetary Authority of Singapore on Saturday (May 24) said the property cooling measures in place over the past few years were introduced in a “highly unusual situation”, and are unlikely to stay in place when more normal conditions return. By - 27 min 57 sec ago SINGAPORE — The head of the Monetary Authority of Singapore on Saturday (May 24) said the property cooling measures in place over the past few years were introduced in a “highly unusual situation”, and are unlikely to stay in place when more normal conditions return. The moves, which MAS Managing Director Ravi Menon described as “macroprudential measures”, have largely succeeded in keeping prices stable and moderating risk-taking. Speaking at the Asian Monetary Policy Forum on Saturday, Mr Menon said: “Asian economies have deployed...

Full article: http://pioneertraining.org/news/general-news/property-coo...

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