3-month Sibor jumps to new multi-year high on last day of 2015
Published Thu, Dec 31, 2015 · 04:50 AM
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.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Banking & Finance
Bank of Japan keeps rates steady, projects inflation staying near 2% in coming years
Weak yen pressures Bank of Japan’s interest rate decision
Basel Committee adds climate risks to banking supervision standards
Crypto firm sues SEC to fend off oversight of Ethereum
Great Eastern chairman appeals for patience as shareholders fume over share price ‘disaster’
S&P Global first-quarter profit beats estimates on strong product demand