Real interest rate | Singapore – yearly data, chart and table

The Real interest year-end rate of Singapore in 2024 was 2.59%. The end-2023 rate was  3.44%. This is the first year of decline after a period of growth. The lowest real interest rate in Singapore was recorded in 2012, with a value of  0.18%. The highest rate was in 1988, when it achieved 5.38%. Real Interest Rate ≈ Nominal Interest Rate - Inflation Rate. If the nominal interest rate on a loan is 9%, and inflation is 6%, the real interest rate is 3%. This means the lender effectively gains 3% in purchasing power, while the borrower pays 3% in real terms.