The Business Times
business-time-50

3-month Sibor falls to 12-month low amid Singdollar strength

The three-month swap offer rate or SOR, a benchmark for commercial loans, has fallen even more

google-preferred-sourceAdd BT as a preferred source
Published Tue, Aug 23, 2016 · 09:50 PM
    Strong Singdollar, improving liquidity

    Singapore

    LOCAL interest rates are falling as the strong Singapore dollar is attracting inflows.

    The key three-month Sibor (Singapore interbank offered rate) used to price home loans is at a 12-month low of 0.87192 per cent on Tuesday, a level it reached on Aug 19. The three-month Sibor is now some 30 per cent lower than the year's high of 1.254 per cent on Jan 19.

    SiborABN AmroDBSOCBC

    TRENDING NOW

    Semakau now houses the city-state’s offshore landfill. The first refinery operates in Bukom, and an airstrip is located on Pulau Sudong.

    NDR 2026: Singapore to create new Western island to support 'new generation of industries'

    The changes will take effect after the close of trading on Aug 31, says MSCI in its latest quarterly review.

    MSCI drops S-E Asian heavyweights Sembcorp, GoTo and Ayala Land from global benchmarks

    Nongfu Spring founder Zhong Shanshan warned during a CCTV interview that e-commerce is killing off emotional and spontaneous consumption

    E-commerce is killing ‘real’ commerce, says China’s beverage king Zhong Shanshan

    Why is Apac poised to become such a significant market for aviation?

    Asia-Pacific aviation: is up really the only way?

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More