You are here

MAS unveils US$60b swap facility with US Fed

THE Monetary Authority of Singapore (MAS) on Thursday night announced a US$60 billion swap facility with the US Federal Reserve to ease the strain on businesses amid the virus fallout.

MAS said it intends to draw on this swap facility - which will be in place for at least six months - to...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to