Singapore Average Overnight Interest Rate 1988-2015 | Data | Chart

The benchmark interest rate in Singapore was last recorded at 1.01 percent. Interest Rate in Singapore averaged 1.67 percent from 1988 until 2015, reaching an all time high of 20 percent in January of 1990 and a record low of -0.75 percent in October of 1993. Interest Rate in Singapore is reported by the Monetary Authority of Singapore.

  
Singapore Average Overnight Interest Rate
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Actual Previous Highest Lowest Dates Unit Frequency
1.01 0.39 20.00 -0.75 1988 - 2015 percent Daily
Sibor is a reference rate based on the interest rates at which banks offer to lend unsecured funds to each other in the Singapore interbank market. In Singapore, the monetary policy decisions are taken by The Monetary Authority of Singapore (Penguasa Kewangan Singapura). 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. On January 28th, 2015 Singapore’s Monetary Authority surprisingly reduced the slope at which the SGD appreciates against main currencies, citing lower inflation expectations due to falling oil prices. 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. Content for - Singapore Average Overnight Interest Rate - was last refreshed on Monday, August 3, 2015.


Calendar GMT Reference Actual Previous Consensus Forecast (i)
2013-04-12 01:00 AM
2014-04-14 12:00 AM

Singapore Money Last Previous Highest Lowest Unit
Interest Rate 1.01 0.39 20.00 -0.75 percent [+]
Interbank Rate 0.81 0.81 12.00 0.17 percent [+]
Money Supply M0 32691.90 32861.40 33604.70 1133.10 SGD Million [+]
Money Supply M1 158294.00 158822.20 162744.30 1202.00 SGD Million [+]
Money Supply M2 512536.80 518987.80 521868.80 6182.30 SGD Million [+]
Money Supply M3 524989.10 531308.20 533780.90 6878.30 SGD Million [+]
Foreign Exchange Reserves 341064.40 337430.10 347144.40 4174.40 SGD Million [+]
Loans to Private Sector 606838.00 597037.00 608165.80 16439.80 SGD Million [+]
Banks Balance Sheet 1050800.50 1036156.80 1075472.30 1509.90 SGD Million [+]
Central Bank Balance Sheet 354996.90 351123.90 354996.90 271915.00 SGD Million [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.00 Jul/15 2.00 17.50 2.00 percent [+]
Brazil 14.25 Jul/15 13.75 45.00 7.25 percent [+]
Canada 0.50 Jul/15 0.75 16.00 0.25 percent [+]
China 4.85 Jun/15 5.10 10.98 4.85 percent [+]
Euro Area 0.05 Jul/15 0.05 4.75 0.05 percent [+]
India 7.25 Jun/15 7.50 14.50 4.25 percent [+]
Indonesia 7.50 Jul/15 7.50 12.75 5.75 percent [+]
Japan 0.00 Jul/15 0.00 9.00 0.00 percent [+]
Mexico 3.00 Jul/15 3.00 9.25 3.00 percent [+]
Russia 11.00 Jul/15 11.50 17.00 5.00 percent [+]
South Korea 1.50 Jul/15 1.50 5.25 1.50 percent [+]
Switzerland -0.75 Jun/15 -0.75 3.50 -0.75 percent [+]
Turkey 7.50 Jul/15 7.50 500.00 4.50 percent [+]
United Kingdom 0.50 Jul/15 0.50 17.00 0.50 percent [+]
United States 0.25 Jul/15 0.25 20.00 0.25 percent [+]