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Three-month Sibor jumps to new multi-year high as 2015 closes

Rate of 1.18513 per cent is 2.6 times higher than a year ago - a bane for many home buyers

The impact of higher interest rates is coming home to roost for many home buyers, though savers were finally having a bit of a Christmas cheer.


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.