Banking Act 1970 s 41

s 41 Regulation of interest rates of banks

41.—(1) The Authority may from time to time determine and announce the rates of interest payable to or by banks in Singapore, the rates of discount chargeable by banks in Singapore, or the rates of commission and other charges payable to banks in Singapore. (2) Subsection (1) does not apply to transactions between banks in Singapore.

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