Singapore interbank rate hits 7-year high

This article belongs to the Singapore SIBOR rate watch story arc.

sg.news.yahoo.com :

Singapore's key three-month interbank offered rate (Sibor) hit a seven-year high on Wednesday. At 0411 GMT, Sibor was quoted at 3.1875%, matching the level seen on October 16, 1998. Sibor is a short-term lending indicator as measured by the Association of Banks in Singapore. The rate acts as a benchmark for mortgages and corporate borrowing.

Sibor has risen by 69 basis points over the last three weeks as Singapore rates began to track their US counterparts more closely after trailing them for months.

Post a Comment:

Comments are closed for this entry.

« China : chemical... | Main | Happy Peak Oil Day »

Most popular blog postings on lowem.log :

1. 2010 Honda Civic Hybrid preliminary specifications released
2. Singapore SIBOR rate falls to 0.69% in Jan 2009, lowest since Apr 2004
3. How to insert currency exchange rates into Google Spreadsheets
4. Live spot gold price quotes chart on COMEX
5. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option
6. Singapore MRT rail network length to double by 2020
7. Singapore property market : Home prices fall 13.8% in Q1 2009
8. 2010 Honda Insight specifications released : 41 mpg, 1.3L, 98hp, i-VTEC, CVT

Featured articles on lowem.log :

1. ABC Guide to Beating Inflation in Singapore and Elsewhere
2. Baltic Dry Index falls 93% as shipping rates plunge, signalling global economic collapse
3. 2010 Honda Civic Hybrid preliminary specifications released
4. 2010 Honda Insight specifications released : 41 mpg, 1.3L, 98hp, i-VTEC, CVT
5. 2010 Toyota Prius specifications released : 50 mpg, 1.8L, 134hp, Ni-MH, solar roof option
6. Peakoiler buys 2008 Honda Civic Hybrid FD3
7. NYMEX crude oil recovers from $32.40 low after 2.2 mbpd OPEC production cut announced
8. Singapore SIBOR rate falls to 0.69% in Jan 2009, lowest since Apr 2004