Hemscott
9 Jul 2008
SINGAPORE, July 9 (Reuters) - Asian central banks need to tighten monetary policy further to cope with inflation, a senior Government of Singapore Investment Corp (GIC) official said on Wednesday.
But inflation in the continent is unlikely to rise much further as oil and commodities prices are near peaks, said Teh Kok Peng, president of GIC Special Investments, the Singapore sovereign wealth fund's hedge fund and private equity arm.
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