TABee
26-05-15, 17:55
"http://www.businesstimes.com.sg/banking-finance/3-month-sibor-down-20-from-april-high"
May 26, 20155:45 PM
THE key three-month Sibor or Singapore interbank offered rate has fallen almost 20 per cent from the year high of 1.027 per cent on April 9.
On Tuesday, the three-month Sibor which is used to price home loans and other consumer lending, stood at 0.830 per cent.
But this is likely to be a brief respite for homebuyers as economists think the US dollar strength is intact and when the US hikes interest rates in the second half of this year, as expected, local interest rates will zip higher again.
Another local interest rate, the three-month SOR or swap offer rate - typically used to price corporate loans - has fallen even more.
My question... how often are these economists right?
May 26, 20155:45 PM
THE key three-month Sibor or Singapore interbank offered rate has fallen almost 20 per cent from the year high of 1.027 per cent on April 9.
On Tuesday, the three-month Sibor which is used to price home loans and other consumer lending, stood at 0.830 per cent.
But this is likely to be a brief respite for homebuyers as economists think the US dollar strength is intact and when the US hikes interest rates in the second half of this year, as expected, local interest rates will zip higher again.
Another local interest rate, the three-month SOR or swap offer rate - typically used to price corporate loans - has fallen even more.
My question... how often are these economists right?