SUBSCRIBERS

3-month Sibor falls to 12-month low amid Singdollar strength

The three-month swap offer rate or SOR, a benchmark for commercial loans, has fallen even more

Published Tue, Aug 23, 2016 · 09:50 PM

Singapore

LOCAL interest rates are falling as the strong Singapore dollar is attracting inflows.

The key three-month Sibor (Singapore interbank offered rate) used to price home loans is at a 12-month low of 0.87192 per cent on Tuesday, a level it reached on Aug 19. The three-month Sibor is now some 30 per cent lower than the year's high of 1.254 per cent on Jan 19.