MAS says that local financial market is functioning normally

Submitted By:  Staff Reporter Case Study:  No The regulator has left a higher level of liquidity in the banking system. Singapore’s dollar money market and foreign exchange market are functioning normally despite the heightened volatility in global and domestic financial markets, according to the Monetary Authority of Singapore (MAS). MAS said that it has left a higher level of liquidity in the banking system through its money market operations. It added that local dollar interest rates have eased in tandem with global interest rates. read more