SINGAPORE: The Monetary Authority of Singapore (MAS) reported a net profit of S$19.7 billion (US$15.4 billion) for the financial year ending March 31, a significant increase from S$3.8 billion the previous year. While investment gains were strong, MAS cautioned about potential future impacts from global economic uncertainties, noting that inflation is expected to remain low and stable through 2026.
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“The disjoint between risks to the global economy and benign market pricing means that financial markets are vulnerable to sharp pullbacks and bouts of volatility if risk scenarios crystallise,” he said.
INFLATION TO REMAIN SUBDUED
For the second half of the year and into 2026, MAS sees inflation remaining low and stable, though there are risks to that view.
Chief economist Edward Robinson said imported inflation is subdued and domestic costs are averaging below historical trends.
Explain It To Me Like I’m 5: The Monetary Authority of Singapore made a lot of money last year, but they’re being careful because the world can be unpredictable and things might change.
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