𝕏xSG first seen 15 d ago, last 1 d ago, peak #4
Singapore central bank posts S$7.4 billion net loss
Original: BREAKING NEWS: THE SINGAPORE CENTRAL BANK RECORDED A NET LOSS OF S$7.4 BILLION... ITS FIRST LOSS IN NINE YEARS. Central
The Monetary Authority of Singapore has recorded a net loss of S$7.4 billion, its first annual loss in nine years. The result is drawing attention as part of a broader pattern of central banks worldwide reporting losses from tight monetary policy and balance-sheet management, with commentators noting the significance for a institution known for strong reserves.
Why now: It is rare and surprising for the well-capitalised MAS to post a loss, and it feeds into global discussion of central bank losses.
Monetary Authority of SingaporeSingapore
Evidence
- BREAKING NEWS: THE SINGAPORE CENTRAL BANK RECORDED A NET LOSS OF S$7.4 BILLION... ITS FIRST LOSS IN NINE YEARS. Central banks continue to take on losses. · GoldTelegraph · 2.2K
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