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

The benchmark interest rate in Singapore was last recorded at 1.26 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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Calendar GMT Actual Previous Consensus TEForecast
2018-04-13 12:00 AM Semi-Annual Monetary Policy Decision

Singapore Money Last Previous Highest Lowest Unit
Interest Rate 1.26 1.10 20.00 -0.75 percent [+]
Interbank Rate 0.88 0.88 12.00 0.17 percent [+]
Money Supply M0 41441.60 41153.10 41441.60 1133.10 SGD Million [+]
Money Supply M1 185051.10 182005.10 185051.10 1202.00 SGD Million [+]
Money Supply M2 581460.50 577880.10 581460.50 6182.30 SGD Million [+]
Money Supply M3 593422.20 589898.20 593422.20 6878.30 SGD Million [+]
Foreign Exchange Reserves 376596.90 376065.40 376596.90 4174.40 SGD Million [+]
Banks Balance Sheet 1220194.10 1196775.40 1220194.10 1509.90 SGD Million [+]
Loans to Private Sector 649563.90 640682.40 649563.90 16439.80 SGD Million [+]
Deposit Interest Rate 0.20 0.20 10.71 0.14 percent [+]
Central Bank Balance Sheet 385574.60 382186.60 385574.60 271915.00 SGD Million [+]

Singapore Average Overnight Interest Rate

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 December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.26 1.10 20.00 -0.75 1988 - 2017 percent Daily

interest rate by Country
Country Last
Turkey 8.00 Dec/17
Russia 7.75 Dec/17
Mexico 7.25 Dec/17
Brazil 7.00 Dec/17
India 6.00 Dec/17
China 4.35 Nov/17
Indonesia 4.25 Dec/17
Australia 1.50 Dec/17
South Korea 1.50 Nov/17
United States 1.50 Dec/17
Canada 1.00 Dec/17
United Kingdom 0.50 Dec/17
Euro Area 0.00 Dec/17
France 0.00 Dec/17
Germany 0.00 Dec/17
Italy 0.00 Dec/17
Netherlands 0.00 Dec/17
Spain 0.00 Dec/17
Japan -0.10 Oct/17
Switzerland -0.75 Dec/17