Singapore May broad money supply rises on year

Forbes.com
29 Jun 2008

SINGAPORE (Thomson Financial) - Singapore's broad money supply rose in May compared to a year early but dipped from the previous month, data from the Monetary Authority of Singapore showed on Monday.

Broad money, as measured by M3, rose to S$323.81 billion ($241 billion) last month from S$296.95 billion in the same period last year. However, it was lower compared to the $327.65 billion recorded in April.

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