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Sora is set to drop over the next 12 months as inflation is subdued, economic growth slows and interest rates drop As of june 2024, singapore will transition from using the singapore interbank offered rate (sibor) to the singapore overnight rate average (sora) as the key benchmark rate for various financial products completely. Both chart and data for 3 month and 1 month sora indicates that sora have peaked and will continue to drop to lower levels in 2025.
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The singapore overnight rate average or sora is the weighted average rate of all s$ overnight cash transactions brokered in singapore between 9 am and 6.15 pm Local interest rates have fallen by about 50 per cent since 2024 Sora for a given business day in singapore is published on the next business day in singapore.
Sora is actually a more reliable and transparent benchmark rate than sibor
For the past trend of both sibor and compounded sora, check out the historical chart.
