What the Negative Swap Rate Means For You

In a surprising development, the Singapore dollar Swap Offer Rate (SOR) turned negative for the first time on August 10th due to inflows into the Singapore dollar. In this article we’ll explore what the SOR is, why it turned negative, and what impact that has on the banks, borrowers and depositors. What is SOR? SOR…

Will Interest Rates Go Up Soon?

By Mr. Propwise Many people are concerned that the current low interest rate environment in Singapore could end by the end of this year, driving up the cost of mortgages and putting pressure on the property market. In this article we take a look at how interest rates in Singapore are determined, and where they…