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Singapore swap offer rate still slipping as greenback pauses

At 1.255%, the 3-month SOR is now some 30% down from 1.762% on Jan 13 and closing in on 3-month Sibor

Published Tue, Feb 2, 2016 · 09:50 PM

Singapore

A KEY interest rate, the three-month swap offer rate (SOR), continues to slide as the US dollar takes a breather. The three-month SOR was quoted at 1.25544 per cent on Feb 1, down 0.06670 percentage point from Jan 30.

It has plunged some 30 per cent from 1.76235 per cent on Jan 13 and is now a whisker away from the other benchmark interest rate, the three-month Singapore interbank offered rate (Sibor). The three-month Sibor is down a pinch at 1.24270 per cent, from the recent high of 1.2540 per cent on Jan 19.