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Sibor, SOR rise sharply amid tighter funding conditions
Three-month Sibor rises to 0.91% and SOR is up at 0.89% as domestic funding tightens amid a weak Singdollar
Add BT as a preferred sourcePublished Tue, Nov 15, 2016 · 09:50 PM
Singapore
DOMESTIC interest rates have shot up finally and are back to July levels as domestic funding tightens amid a weak Singapore dollar.
The key three-month Sibor (Singapore Interbank Offered Rate), used to price mortgages, rose to 0.91 per cent on Tuesday from 0.88 per cent on Monday after flatlining around 0.87 per cent since July. The year-high was 1.25 per cent on Jan 19.
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