Singapore’s benchmark interest rate: Sora to replace Sibor by 2024
Singapore Overnight Rate Average or also known as Sora, is being pushed to become the main interest rate benchmark for Singapore's financial markets by 2024. The creation of Sora is aimed at creating a more transparent loan-market pricing for borrowers, and more efficient risk management for lenders. Eugene Leow, Rates Strategist, DBS shares how this transition might affect current and future borrowers and the challenges that comes with the transition. See omnystudio.com/listener for privacy information.