MAS books net profit of $3.8b as global markets recovered, Singapore dollar eased

Quick Summary:

The central bank in its latest annual report says it believes that global growth will remain steady in 2024.

Inflation in Singapore has eased from the peak of 5.4 per cent in the first quarter of 2023.

Core inflation averaged 3.1 per cent year on year over April-May, down from 3.3 per cent year on year in the first three months of 2024.

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Article Details

Category: EconomyBusiness

Markets: SingaporeChinaHong KongIndiaIndonesiaSouth KoreaMalaysiaThailand

Topics: Global Year Singapore 2024 Inflation Cent Billion Profit Growth Financial Monetary

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-18 @ 13:00:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 1509 words

Reading Time: 9 minutes read

Sentences: 60 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 21670497

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Main Topics: EconomyBusiness

Official Website: straitstimes.com

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