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The dangers posed by a Sibor hike have been overblown

THE recent spike in the Singapore interbank offered rate (Sibor) is not anything homeowners need to be alarmed about.

At first glance, the jump in the three-month Sibor rate from about 0.45 per cent on Jan 2 to 0.62 per cent on Jan 6 looks like it could be a big problem. Such a move might