Singapore Interest Rate
The benchmark interest rate in Singapore was last recorded at 0.06 percent. Interest Rate in Singapore averaged 1.68 Percent from 1988 until 2014, 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.
||1988 - 2014
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. This page provides - Singapore Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.