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Banks pitch SORR as overnight benchmark ahead of monetary policy meeting
Update / Judgement Date
03 Apr 2025
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Banks are pitching the Secured Overnight Reference Rate (SORR) as an overnight benchmark ahead of the monetary policy meeting. This development reflects the banking sector's efforts to adopt new benchmarks. It signals potential changes in financial market practices. This also reflects changes to financial benchmarks.