3-month Sibor jumps to new multi-year high on last day of 2015

THE key three-month Sibor jumped to a new multi-year high of 1.18513 per cent, up 0.04978 on Thursday, the last day of 2015.

At 1.18513 per cent, the Singapore interbank offered rate which is typically used to price home loans is 2.6 times higher than a year ago.

The last time the key interest rate was at this level was in late 2008.