SUBSCRIBERS
Singapore interest rates fall on seasonal factors
Published Wed, Jan 11, 2017 · 09:50 PM
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Capital Markets & Currencies
Europe: Shares end higher on tech support; banks slide
US: Stocks rally on cooler hiring numbers
Singapore stocks end week in the red; STI down 0.1%
Asia: Markets track Wall Street higher as rate hopes rise, eyes on US jobs
H2G Green chief to stand trial on Aug 5 amid MOM probe
Singapore shares climb at Friday’s open; STI up 0.2%