Contents, Preface and Highlights

Monetary Policy Statement

Chapter 1 Macroeconomic Developments
     Box A: Review of MAS Money Market Operations in FY2011/12

Chapter 2 Wage-Price Dynamics
     Box B:  Does Global or Regional Inflation Better Explain Inflation in Asia? 

Chapter 3 Outlook
     Box C: Japan's "Lost Decade" and a Comparison with the Crisis in the Eurozone

Special Feature A: 
    Deleveraging and Rebalancing in the Global Economy: A Medium-term Perspective

Special Feature B:  
    Self-Fulfilling Global Panics

Statistical Appendix and Selected Publications

Presentation Slides for Briefing