Wednesday , November 13 2024

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Bank deposit growth of individual customers slowed in 2021

  A customer deposits at a bank. Deposits of individual customers at banks by the end of November last year increased only nearly 2.63 per cent, the lowest growth rate in many years. Photo cafef.vn HÀ NỘI — The deposit growth rate of individual customers at banks slowed last year due …

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Singapore tightens monetary policy in off-cycle move to fight inflation

Singapore tightens monetary policy in off-cycle move to fight inflation

Singapore’s central bank said on Tuesday it was tightening its monetary policy settings, in an out-of-cycle move, as global supply constraints and brisk economic demand fan inflation risks. The Monetary Authority of Singapore (MAS) manages monetary policy through exchange rate settings, rather than interest rates, letting the local dollar rise …

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