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

The benchmark interest rate in Singapore was last recorded at 0.39 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.

      Forecast
Singapore Average Overnight Interest Rate
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Actual Previous Highest Lowest Dates Unit Frequency
0.39 0.22 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. Content for - Singapore Average Overnight Interest Rate - was last refreshed on Sunday, July 5, 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 0.39 0.22 20.00 -0.75 percent [+]
Interbank Rate 0.81 0.81 12.00 0.17 percent [+]
Money Supply M0 32851.20 33020.80 33604.70 1133.10 SGD Million [+]
Money Supply M1 159507.60 162744.30 162744.30 1202.00 SGD Million [+]
Money Supply M2 521667.00 521868.80 521868.80 6182.30 SGD Million [+]
Money Supply M3 533780.90 533757.90 533780.90 6878.30 SGD Million [+]
Foreign Exchange Reserves 337430.10 333720.20 347144.40 4174.40 SGD Million [+]
Loans to Private Sector 597037.00 594286.00 608165.80 16439.80 SGD Million [+]
Banks Balance Sheet 1044241.40 1058807.90 1075472.30 1509.90 SGD Million [+]
Central Bank Balance Sheet 346848.70 353993.70 354150.30 271915.00 SGD Million [+]


Interest Rate Reference Previous Highest Lowest Unit
Australia 2.00 Jun/15 2.00 17.50 2.00 percent [+]
Brazil 13.75 Jun/15 13.25 45.00 7.25 percent [+]
Canada 0.75 May/15 0.75 16.00 0.25 percent [+]
China 4.85 Jun/15 5.10 10.98 4.85 percent [+]
Euro Area 0.05 Jun/15 0.05 4.75 0.05 percent [+]
France 0.05 Jun/15 0.05 4.75 0.05 percent [+]
Germany 0.05 Jun/15 0.05 4.75 0.05 percent [+]
India 7.25 Jun/15 7.50 14.50 4.25 percent [+]
Indonesia 7.50 Jun/15 7.50 12.75 5.75 percent [+]
Italy 0.05 Jun/15 0.05 4.75 0.05 percent [+]
Japan 0.00 Jun/15 0.00 9.00 0.00 percent [+]
Mexico 3.00 Jun/15 3.00 9.25 3.00 percent [+]
Netherlands 0.05 Jun/15 0.05 4.75 0.05 percent [+]
Russia 11.50 Jun/15 12.50 17.00 5.00 percent [+]
South Korea 1.50 Jun/15 1.75 5.25 1.50 percent [+]
Spain 0.05 Jun/15 0.05 4.75 0.05 percent [+]
Switzerland -0.75 Jun/15 -0.75 3.50 -0.75 percent [+]
Turkey 7.50 Jun/15 7.50 500.00 4.50 percent [+]
United Kingdom 0.50 Jun/15 0.50 17.00 0.50 percent [+]
United States 0.25 Jun/15 0.25 20.00 0.25 percent [+]