Singapore central banker Ravi Menon's term extended for two years

Ravi Menon’s term as managing director of the Monetary Authority of Singapore was extended for another two years, providing stability at the central bank at a time of growing economic risks.

Menon’s new term takes effect from June 1, the MAS said in an emailed statement on Tuesday, confirming an earlier Bloomberg story. He was also reappointed to the MAS board for two years.

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