Singapore interest rates fall on seasonal factors
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
SINGAPORE interest rates have fallen sharply in the second week of the New Year on seasonal factors and a relatively weak US dollar.
The more volatile three-month SOR or swap offer rate fell to 0.868 per cent on Tuesday, from 0.902 per cent on Monday. It has lost 17 points from the one-month high of 1.04 per cent on Dec 29. The SOR, which is used to price commercial loans, is updated late at night.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Air India asks Tata, Singapore Airlines for funds after US$2.4 billion loss
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
