The cost of overnight borrowing in Singapore’s interbank market rose 11.7 basis points to 1.7446 percent as of Friday, the highest level since July 2025, according to data Bloomberg cited as published on Tuesday. Bloomberg attributed the climb to tighter local liquidity and expectations for further US interest rate hikes. Local markets were shut on Monday for a holiday.
Singapore overnight interbank rate hits highest since July 2025
The cost of overnight borrowing in Singapore's interbank market rose 11.7 basis points to 1.7446 percent, its highest level since July 2025, on tighter local liquidity.
Why it matters: Singapore's benchmark rate is moving up with expectations of further US interest rate hikes, tightening financial conditions in a regional funding hub even as local liquidity thins around a market holiday.
Data as of Bloomberg, November 9, 2026, read via the estate browser route; only the opening paragraphs were visible beyond the headline, the rest is paywalled, so this brief rests on a single source and the figures it carried. Developing item.
Sources
- Singapore's Interbank Rate Hits Highest in More Than a Year - Bloomberg - 2026-11-09