Key Sibor rate jumps ahead of Fed meeting
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Singapore
THE 3-month Sibor or Singapore interbank offered rate jumped to 1.12028 per cent on Wednesday from 1.07832 per cent on Tuesday as financial markets anticipate the first US rate hike in over nine years to land next week.
At 1.12028 per cent, the key benchmark rate (which is used to price home loans) is now more than 2.5 times higher than the 0.44437 per cent level a year ago.
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