Local interest rates stirring - but will it last?

AFTER about 18 months, local interest rates are beginning to look like they're about to deliver for the Singapore banks.

Earlier this month, the 3-month Sibor or Singapore interbank offered rate - a benchmark for home loans - finally pushed firmly above one per cent, to a 52-week high of 1.14 per cent on July 13.

It has since eased to 1.11 per cent on July 24.