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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%

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 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...

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