policy Archives - The Industry Spread

MAS Transfers S$45 billion to the Government for Long-term Investment

May 10, 2019

The Monetary Authority of Singapore (MAS) said today that it would be transferring S$45 billion from the official foreign reserves (OFR) to the Government for long-term investment.  This amount is the excess over what MAS deems necessary to maintain confidence in Singapore’s exchange rate-centred monetary policy.  MAS, as the central bank of Singapore, manages the country’s OFR, which stood at S$404 billion as at April 2019.

An Update on Canada’s Economic Resilience

September 9, 2018

The big picture over the summer has been that the global economy is doing well, despite some troubling developments on the trade front. Many countries around the world are continuing to grow and put people back to work.