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Singapore rates stirring from slumber to track rising US rates

3-month SOR stayed above 1% through last week - the longest stretch this year that it had done so

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Singapore interest rates seem to be finally on an upward march, tracking higher US rates.

Singapore

SINGAPORE interest rates seem to be finally on an upward march, tracking higher US rates.

The three-month swap offer rate (SOR) stayed above 1 per cent the whole of last week, hitting a year high of 1.06973 per cent on Wednesday. Eugene Leow, DBS Bank rates strategist,

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