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3-month SOR continues to fall on benign financial market conditions

Strategists also cite low expectation of USD rally as a factor for weak interest rates

Published Thu, May 11, 2017 · 09:50 PM
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Singapore

LOCAL interest rates continue to fall amid flush liquid market conditions.

The three-month swap offer rate (SOR) has been tumbling since late April, and at 0.7683 per cent on May 9 is back to early February levels. The three-month SOR is a benchmark used for corporate loans.

The three-month Sibor (Singapore interbank offered rate), a key rate to price home loans, has been relatively stable - it has been at 0.9985 per …

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