The benchmark interest rate in Singapore was last recorded at 2.24 percent. Interest Rate in Singapore averaged 1.66 percent from 1988 until 2019, reaching an all time high of 20 percent in January of 1990 and a record low of -0.75 percent in October of 1993.
Interest Rate in Singapore is expected to be 1.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Singapore to stand at 1.70 in 12 months time. In the long-term, the Singapore Average Overnight Interest Rate is projected to trend around 1.50 percent in 2020, according to our econometric models.