You are here

3-month SOR jumps to 1.54% on China economic weakness

Rate has risen 10% from a week ago and has more than tripled from 0.48% on Jan 19; 3-month Sibor is unchanged at 1.07%
Thursday, September 3, 2015 - 05:50

CHINAMARKET23.jpg
China's efforts to stabilise its markets showed early signs of success as the yuan strengthened and emerging market equities rallied from a six-year low. Treasuries and the yen fell as demand for havens eased.

Singapore

SINGAPORE interest rates have jumped again as Asian currencies get hammered by continued China economic weakness.

The three-month swap offer rate (SOR) was quoted at 1.54 per cent on Tuesday, a rate last seen in December 2008. At 1.54 per cent, the three-month SOR which

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom