Reported about 12 hours ago
Singapore's money market rates have fallen, with the Overnight Rate Average (SORA) hitting its lowest since 2022 at 2.08%. This decline comes despite the central bank's dovish policy shift earlier this year, attributed to slower lending, substantial foreign deposits, and a strong local currency. Analysts suggest that the drop in borrowing costs could impact efforts to manage cooling in the property market, despite the current favorable liquidity conditions promoting strong bond auction demand.
Source: YAHOO