Singapore Average Overnight Interest Rate  1988-2017 | Data | Chart

The benchmark interest rate in Singapore was last recorded at 0.99 percent. Interest Rate in Singapore averaged 1.66 percent from 1988 until 2017, reaching an all time high of 20 percent in January of 1990 and a record low of -0.75 percent in October of 1993.

Singapore Average Overnight Interest Rate
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Singapore Money Last Previous Highest Lowest Unit
Interest Rate 0.99 0.82 20.00 -0.75 percent [+]
Interbank Rate 0.88 0.88 12.00 0.17 percent [+]
Money Supply M0 40204.20 39653.20 40513.20 1133.10 SGD Million [+]
Money Supply M1 178203.40 176275.90 178203.40 1202.00 SGD Million [+]
Money Supply M2 573652.90 573872.60 573872.60 6182.30 SGD Million [+]
Money Supply M3 585380.30 585494.60 585494.60 6878.30 SGD Million [+]
Foreign Exchange Reserves 366036.40 366634.00 366634.00 4174.40 SGD Million [+]
Banks Balance Sheet 1192269.00 1188627.80 1192269.00 1509.90 SGD Million [+]
Loans to Private Sector 635516.80 633220.60 635516.80 16439.80 SGD Million [+]
Deposit Interest Rate 0.20 0.20 10.71 0.14 percent [+]
Central Bank Balance Sheet 377197.40 375432.10 377197.40 271915.00 SGD Million [+]

Singapore Average Overnight Interest Rate Notes

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. Singapore Average Overnight Interest Rate - actual data, historical chart and calendar of releases - was last updated on August of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.99 0.82 20.00 -0.75 1988 - 2017 percent Daily

interest rate by Country

Brazil 9.25 Jul/17
Russia 9.00 Jul/17
Turkey 8.00 Jul/17
Mexico 7.00 Aug/17
India 6.00 Aug/17
Indonesia 4.75 Aug/17
China 4.35 Jul/17
Australia 1.50 Aug/17
South Korea 1.25 Jul/17
United States 1.25 Jul/17
Canada 0.75 Jul/17
United Kingdom 0.25 Aug/17
Euro Area 0.00 Aug/17
France 0.00 Aug/17
Germany 0.00 Aug/17
Italy 0.00 Aug/17
Netherlands 0.00 Aug/17
Spain 0.00 Aug/17
Japan -0.10 Jul/17
Switzerland -0.75 Jul/17