The benchmark interest rate in Singapore was last recorded at 2.30 percent. This dataset 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.

In May 2025, global inflation rates and central bank interest rates showed significant variation across major economies. Most economies initiated interest rate cuts from mid-2024 due to declining inflationary pressures. The U.S., UK, and EU central banks followed a consistent pattern of regular rate reductions throughout late 2024. In early 2025, Russia maintained the highest interest rate at 20 percent, while Japan retained the lowest at 0.5 percent. Varied inflation rates across major economies The inflation landscape varies considerably among major economies. China had the lowest inflation rate at -0.1 percent in May 2025. In contrast, Russia maintained a high inflation rate of 9.9 percent. These figures align with broader trends observed in early 2025, where China had the lowest inflation rate among major developed and emerging economies, while Russia's rate remained the highest. Central bank responses and economic indicators Central banks globally implemented aggressive rate hikes throughout 2022-23 to combat inflation. The European Central Bank exemplified this trend, raising rates from 0 percent in January 2022 to 4.5 percent by September 2023. A coordinated shift among major central banks began in mid-2024, with the ECB, Bank of England, and Federal Reserve initiating rate cuts, with forecasts suggesting further cuts through 2025 and 2026.

Key information about Singapore Long Term Interest Rate

• Singapore Government Securities: Yield: Month End: 10 Years was reported at 2.74 % pa in Feb 2025, compared with 2.92 % pa in the previous month.
• Singapore Long Term Interest Rate data is updated monthly, available from Jun 1998 to Feb 2025.
• The data reached an all-time high of 5.69 % pa in Aug 1998 and a record low of 0.81 % pa in Oct 2020.
• Long Term Interest Rate is reported by reported by Monetary Authority of Singapore.

• In the latest reports, Singapore SIBOR: SGD: Month End: 3 Months was reported at 3.30 % pa in Nov 2024.
• The cash rate (Policy Rate: Month Avg: Singapore: Overnight Rate) was set at 4.00 % pa in Jun 2023.
• Singapore Exchange Rate against USD averaged 1.35 (USD/SGD) in Jun 2023.

In 2020, the interest rate on bank savings deposits in Singapore was 0.09 percent. This rate gradually increased, reaching 0.16 percent in 2017, before declining to the lowest level observed over the last year of the measured period.

Singapore SG: Deposit Rate data was reported at 0.140 % pa in 2017. This records a decrease from the previous number of 0.190 % pa for 2016. Singapore SG: Deposit Rate data is updated yearly, averaging 2.737 % pa from Dec 1977 (Median) to 2017, with 41 observations. The data reached an all-time high of 10.710 % pa in 1981 and a record low of 0.136 % pa in 2012. Singapore SG: Deposit Rate data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Singapore – Table SG.IMF.IFS: Lending, Saving and Deposit Rates: Annual.

In 2021, the real interest rate in Singapore decreased by 12.4 percentage points (-157.36 percent) compared to 2020. This marks the lowest real interest rate during the observed period. Real interest rate is the adjusted lending interest rate to remove the effects of inflation, as measured by the GDP deflator (implicit price deflator).Find more statistics on other topics about Singapore with key insights such as broad money as a percentage of GDP, domestic credit to the private sector as a share of GDP, and deposit interest rate.

Key information about Singapore Policy Rate

• Singapore cash rate (Policy Rate: Month Avg: Singapore: Overnight Rate) was set at 4.00 % pa in Jun 2023, compared with 3.72 % pa in the previous May 2023.
• Singapore Policy Rate averaged 0.40 % pa and is updated monthly, available from Jul 2005 to Jun 2023.
• The data reached an all-time high of 4.39 % pa in Sep 2022 and a record low of 0.02 % pa in Jul 2011.

• In the latest reports, Singapore SIBOR: SGD: Month End: 3 Months was reported at 4.09 % pa in Jun 2023.
• Its Long Term Interest Rate (Government Securities: Yield: Month End: 10 Years) was reported at 3.08 % pa in Jun 2023.
• Singapore Exchange Rate against USD averaged 1.35 (USD/SGD) in Jun 2023.
• Its Real Effective Exchange Rate was 131.63 in May 2023.

According to a survey on residential real estate in Singapore, **** percent of Singaporean consumers were of the opinion that the current mortgage or home loan interest rates were high. **** percent were of the opinion that the mortgage or home loans were extremely high.

Singapore SG: Interest Rate Spread data was reported at 5.140 % pa in 2017. This records a decrease from the previous number of 5.160 % pa for 2016. Singapore SG: Interest Rate Spread data is updated yearly, averaging 3.220 % pa from Dec 1978 (Median) to 2017, with 40 observations. The data reached an all-time high of 5.244 % pa in 2012 and a record low of 2.303 % pa in 1979. Singapore SG: Interest Rate Spread data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.WDI: Interest Rates. Interest rate spread is the interest rate charged by banks on loans to private sector customers minus the interest rate paid by commercial or similar banks for demand, time, or savings deposits. The terms and conditions attached to these rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files.; Median;

Singapore SG: Real Interest Rate data was reported at 4.372 % pa in 2017. This records a decrease from the previous number of 5.388 % pa for 2016. Singapore SG: Real Interest Rate data is updated yearly, averaging 4.764 % pa from Dec 1978 (Median) to 2017, with 40 observations. The data reached an all-time high of 10.092 % pa in 1999 and a record low of -0.502 % pa in 2007. Singapore SG: Real Interest Rate data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank.WDI: Interest Rates. Real interest rate is the lending interest rate adjusted for inflation as measured by the GDP deflator. The terms and conditions attached to lending rates differ by country, however, limiting their comparability.; ; International Monetary Fund, International Financial Statistics and data files using World Bank data on the GDP deflator.; ;

As of September 11, 2024, the largest company in Singapore is the DBS Group, with a market capitalization of ***** billion Singapore dollars. The largest three companies in Singapore by market capitalization were two of its largest banks, followed by consumer internet company Sea Limited. DBS, OCBC, and UOB - stalwarts of Singapore’s financial sector Singapore’s three largest banking groups – DBS Group, OCBC, and UOB, are seen as stable stock market investments. They routinely make up the top three leading companies by market capitalization and rank consistently among the most valuable brands in Singapore. Despite the global economic turmoil, these three banks were forecast to turn profits in 2023, being among the biggest beneficiaries of rising interest rates in the Asia-Pacific region. Singapore is a leading financial hub in the Asia-Pacific region, and its financial sector makes up the third-largest sector of its economy. Sea Limited and Grab - volatility of tech companies in the stock market Among the largest companies in Singapore are two of its biggest tech companies, Sea Limited and Grab Holdings. Sea Limited operates the e-commerce marketplace Shopee and online gaming company Garena, while Grab Holdings is a super-app that provides ride-hailing, food delivery, and digital payment services. Despite the popularity of their services, both companies have faced a turbulent year, with Grab Holdings seeing their share prices drop during the first day of trading. Once valued more than DBS, OCBC, and UOB combined, Sea Limited saw its valuation drop in 2022 amidst net losses of around *** billion U.S. dollars in 2021.

Singapore SG: Lending Rate data was reported at 5.280 % pa in 2017. This records a decrease from the previous number of 5.350 % pa for 2016. Singapore SG: Lending Rate data is updated yearly, averaging 5.856 % pa from Dec 1978 (Median) to 2017, with 40 observations. The data reached an all-time high of 13.645 % pa in 1981 and a record low of 5.280 % pa in 2017. Singapore SG: Lending Rate data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Singapore – Table SG.IMF.IFS: Lending, Saving and Deposit Rates: Annual.

Unemployment Rate in Singapore increased to 2 percent in the first quarter of 2025 from 1.90 percent in the fourth quarter of 2024. This dataset provides the latest reported value for - Singapore Unemployment Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2023, the labor force employment rate of those aged 15 years and above in Singapore was 66.2 percent. Singapore has enjoyed a relatively stable employment rate. In the face of a rapidly aging population, however, it faces higher demand for labor in the workforce. Aging population While Singapore is likely to continue with the strategies of migration and input from foreign labor supply as a means to maintain labor force growth, there is a need to expand the resident labor force at the same time by tapping older age groups as well as women. The minimum retirement age in Singapore is set at 62 years old, however 31.5 percent of residents aged 65 years old were still employed or seeking employment. A profile of older workers in Singapore showed that a large proportion of the current cohort of workers tend to be less educated, and thus many are employed in low-skilled jobs and hence receive lesser wages. It is thus a challenge to raise labor productivity and to enhance their long-term employability in an unstable economic climate. Women in the workforce The female labor force participation rate in Singapore places the city-state behind countries in the APAC region like Vietnam, Cambodia and New Zealand despite higher education attainment amongst women in recent years. The gender gap in the local labor force only emerges when women enter their 30s. In addressing this issue, ad hoc flexible work arrangements, such as unplanned time-off and telecommuting were introduced in recent years. Singapore has also implemented several enhanced maternity benefits and leave schemes for working parents.

In 2019, the average inflation rate in Singapore amounted to about 0.57 percent compared to the previous year, and it seemed to recover from sliding into the red throughout 2015 and 2016. For 2030, Singapore’s inflation is expected to level off at around 1.97 percent. Singapore’s economy in shortSingapore is a prospering, highly developed economy, relying heavily on its role as an intermediary port for transport and storage of goods and merchandise. The lion’s share of its GDP is generated by the services sector, mainly by financial services, oil-refining, and manufacturing. Tourism is also an important contributor. It is one of the leading economies in Asia with one of the highest GDPs in the ASEAN region. The great slump of 2015 to 2016As dramatic as it looks, there was no definite reason for Singapore’s inflation rate to drop below zero in 2015 and 2016. A slump in economic growth and oil prices, as well as a low consumer price index were most likely responsible for inflation taking a hit in those years. Singapore has since recovered and continues its success story as one of the leading economies in the East.

Inflation Rate in Singapore decreased to 0.80 percent in May from 0.90 percent in April of 2025. This dataset provides - Singapore Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Key information about Singapore Short Term Interest Rate

• Singapore SIBOR: SGD: Month End: 3 Months was reported at 3.30 % pa in Nov 2024, compared with 3.30 % pa in the previous month.
• Singapore Short Term Interest Rate data is updated monthly, available from Oct 1995 to Nov 2024.
• The data reached an all-time high of 7.81 % pa in Jan 1998 and a record low of 0.35 % pa in Aug 2011.
• Short Term Interest Rate is reported by reported by The Association of Banks in Singapore.

• In the latest reports, Singapore Government Securities: Yield: Month End: 10 Years was reported at 2.74 % pa in Nov 2024.
• The cash rate (Policy Rate: Month Avg: Singapore: Overnight Rate) was set at 4.00 % pa in Jun 2023.
• Singapore Exchange Rate against USD averaged 1.35 (USD/SGD) in Jun 2023.

In March 2025, core inflation in Singapore was at 0.5 percent, down from 0.6 percent in the previous month. The core inflation rate in Singapore has been declining since a high of 5.5 percent in February 2023. The core inflation measures by the Monetary Authority of Singapore excludes accommodation and transport.

The penetration rate is forecast to experience significant growth in all segments in 2029. This reflects the overall trend throughout the entire forecast period from 2019 to 2029. It is estimated that the penetration rate is continuously rising in all segments. In this regard, the e-commerce segment achieves the highest value of ***** percent in 2029. Find further statistics on other topics such as a comparison of the number of users in Germany and a comparison of the number of users in the United Kingdom. The Statista Market Insights cover a broad range of additional markets.

Core consumer prices in Singapore increased 0.60 percent in May of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Singapore Core Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.