News

Financial Services

Gerv Tacadena

, Singapore

Published:

8 years ago

Chart of the Day: Singapore's money supply up 8.2%

But yearly expansion could ease to 5.3%.

Singapore's money supply increased yet again, up 8.2% in the month of June.

According to RHB, this is after supply grew 7.8% for the previous two consecutive months.

"The increase in money supply was driven by higher net foreign position, whereas public and private demand for credit both slowed, capping some of the upside," RHB said.

Looking ahead, the brokerage firm said money supply growth is expected to ease to 5.6% for the whole year, compared to the robust 8.1% improvement in 2016.

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