Singapore Interbank Rate Nears Four-Year Low on Haven Demand

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Singapore’s interbank rates are approaching four-year lows as haven demand due to the Iran war boosts inflows into the nation’s AAA rated assets. Rates have also been driven lower by foreign inflows riding on expectations the local dollar will keep outperforming its regional peers as the Monetary Authority of Singapore guides the currency stronger to contain inflation. The island state’s central bank tightened policy settings on Tuesday.