mas speech, 2024-07-18
This comprises:- a. investment gains of S$12.7 billion, mainly from interest income, dividends and realised capital gains, andb. a small positive currency translation effect of S$1.7 billion,- c. partially offset by S$10.6 billion in net cost from MAS' money market operations to manage banking system liquidity, and other expenses.
Sentiment: neutral
Topic: mp_economic_activity