Thursday November 24, 2005

Singapore interbank rate hits 7-year high

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.

See also :

1. POSB raises savings interest rates

(2005-11-24 13:32:27 SGT) [Biz] Permalink

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