Singapore Interest Rate — 2026 Central Bank Data & Outlook
Singapore's central bank interest rate was 5.25% in December 2021, little changed from 5.25% the previous year. A year earlier it stood at 5.25%.
Singapore's central bank interest rate stands at 5.25% as of December 2021. Over the latest readings, the central bank interest rate has moved within a band of 5.25% to 13.64%. The most recent figure of 5.25% is little changed from 5.25% a year earlier, broadly flat versus a year ago.
The trend
Among the 168 economies tracked on this platform, Singapore ranks #115 on central bank interest rate by latest value. It was little changed from 5.25% in the previous year, and compares with a year-earlier 5.25%.
What's driving it
The policy rate is set to balance inflation against growth and employment; it rises to restrain demand and falls to support it.
Recent readings
| Period | Central bank interest rate |
|---|---|
| Dec 2021 | 5.25% |
| Dec 2020 | 5.25% |
| Dec 2019 | 5.25% |
| Dec 2018 | 5.33% |
| Dec 2017 | 5.28% |
| Dec 2016 | 5.35% |
| Dec 2015 | 5.35% |
| Dec 2014 | 5.35% |
Data: The World Bank — World Development Indicators (CC BY 4.0) Figures carry an effective date; confirm with the source before relying on them.
Frequently asked questions
What Is the Central Bank Interest Rate in Singapore (2026)?
Singapore's central bank interest rate was 5.25% in December 2021, little changed from 5.25% the previous year. A year earlier it stood at 5.25%.
Is the central bank interest rate rising or falling in Singapore?
It was little changed in the latest reading — 5.25% in December 2021 versus 5.25% a year earlier. Year on year it is lower.
What is central bank interest rate?
It measures the benchmark policy rate set by the central bank, which steers borrowing costs across the economy.