𝕏xSG first seen 14 h ago, last 14 h ago, peak #6
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 loss in nine years. The result reflects broader pressures on central banks worldwide, many of which have taken losses as higher interest rates raise funding costs and reduce the value of assets bought during years of easy monetary policy.
Why now: Central bank losses are a hot topic as monetary tightening leaves institutions worldwide in the red.
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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