Ravi Menon: Singapore 'Ready to Act' Against Inflation Risks

The transcript discusses inflation trends and risks, highlighting that inflation is expected to remain elevated into 2022 due to supply chain disruptions and energy market dynamics. The central bank is watchful of inflation risks and ready to act if necessary. The premature switch from coal to renewables is also impacting energy prices. The transcript also covers the potential effects of monetary policy changes on emerging markets, noting that Asian economies are better positioned to handle dislocations compared to past episodes.

What are the main factors contributing to the current inflation as discussed in the text?

How does the speaker perceive the balance of risks between inflation and growth?

What are the implications of the COVID-related supply side disruptions on inflation expectations?

What potential impacts could the energy market have on inflation according to the text?

In what ways might emerging markets be affected by the changes in monetary policy?