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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

Published Mon, Oct 30, 2017 · 09:50 PM
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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, described it as a significant development.

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