1. Demand factor
2. Supply factor
3. Tight labour market
Understanding the nature of the global rise in prices
Targeted help without exacerbating inflationary pressures
A strong Sing dollar and foreign exchange
The Singapore Dollar strengthened 4% against the Pound Sterling, 5% against the Euro, and 9% against the Japanese Yen.
Overall, MAS records a loss of $7.4 billion for FY2021/2022.
As a result of the loss, MAS did not contribute to Singapore’s consolidated fund, out of which government expenditure is made for the financial year. This means there is no Net Investment Returns Contribution from MAS for FY2021/2022.