S’pore firms, households can beat financial shocks

The review comes as inflation has proven more sticky than expected, with the escalation of the Middle East conflict adding to energy price pressures. — The Straits Times

SINGAPORE: Singapore firms and households are well placed to weather shocks to their earnings, incomes and financing costs, while financial institutions such as banks have sufficient buffers should they come under stress.

This is based on stress tests done by the Monetary Authority of Singapore (MAS) as part of its annual financial stability review that assesses the resilience of Singapore’s financial system against global risks and domestic vulnerabilities.