Singapore Average Overnight Interest Rate

The benchmark interest rate in Singapore was last recorded at 0.64 percent. Interest Rate in Singapore averaged 1.64 percent from 1988 until 2022, reaching an all time high of 20 percent in January of 1990 and a record low of -0.75 percent in October of 1993. The Monetary Authority of Singapore does not control the monetary system by monitoring interest rates. Instead, it manages the Singapore dollar (SGD) exchange rate against a trade-weighted basket of currencies of Singapore’s major trading partners and competitors. The Singapore Overnight Rate Average or SORA is the volume-weighted average rate of borrowing transactions in the unsecured overnight interbank SGD cash market in Singapore between 8.00am and 6.15pm. This page provides the latest reported value for – Singapore Average Overnight Interest Rate – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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