19-01-2014, 10:38 AM
Just look through the MAS balance sheet.
http://www.mas.gov.sg/Statistics/Reserve...Sheet.aspx
Seems that during 2013, MAS has injected quite a huge sum of reserve into the financial system, especially, from April to year end.
Can't remember exactly there was a liquidity squeeze during that period.
Checked overnight interbank rate, saw a few sparks. normally of around 0.03, went to as high as 0.25. overnight average is even worse, from 0.01xx to 0.39xx.
Sign of over-lending in Singapore?
http://www.mas.gov.sg/Statistics/Reserve...Sheet.aspx
Seems that during 2013, MAS has injected quite a huge sum of reserve into the financial system, especially, from April to year end.
Can't remember exactly there was a liquidity squeeze during that period.
Checked overnight interbank rate, saw a few sparks. normally of around 0.03, went to as high as 0.25. overnight average is even worse, from 0.01xx to 0.39xx.
Sign of over-lending in Singapore?