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Singapore interest rates on upward march tracking higher US rates
Published Mon, Oct 30, 2017 · 10:23 AM
SINGAPORE interest rates seem to be finally on their upward march tracking higher US rates.
The three-month SOR, or swap offer rate, stayed above one per cent the whole of last week hitting a year-high of 1.06973 per cent on Wednesday, a significant development, said Eugene Leow, DBS Bank rate strategist.
So far this year, it has been the longest five days the three-month SOR has managed to keep above one per cent.
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