Singapore Interest Rate Forecast 2024

Singapore Interest Rate Forecast 2024. Ongoing economic uncertainties and rising costs are likely to keep singapore banks from slashing their home loan rates in 2024, despite expectations that the us federal reserve will cut its benchmark interest rate at least three times this year. With interest rates from 3.08% (year 1) to 3.22% (year 10).

Insured up to s$100k by sdic. The forecast is lower than the government’s advance estimate of a 2.9% yoy growth.