Iorr: 1.55% (Same as Dec 2019), Max limit is 1.75% as set by the US FED.
Effr: 1.55% (Same as Dec 2019)
Ioer: 1.55% (Same as Dec 2019)
On RRP: 1.45% (Same as Dec 2019), Min limit is 1.5% as set by the US FED.
Effr: 1.55%
Ioer: 1.55%
The Effr-Ioer spread is zero which means there is no monetary tightening condition. However, the On RRP (1.45%) is below the minimum limit set by the US FED because of the repo market intervention. Since the 4 US rates are the same as the previous month, we can project with the confidence that the US FED will stay put.
http://sg-stock.blogspot.com/2019/12/will-us-fed-cut-its-rates-in-december.html
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