SIBOR is correcting downward, are you taking advantage of the situation?
3-month SIBOR falls below 1%
Apr 17, 2015 A key benchmark lending rate fell below the 1.0 percent mark at its latest rate fixing on Thursday its lowest level in about a month. The move to continue allowing a modest and gradual appreciation of the local currency was, according to the central bank, consistent with the benign inflation outlook and moderate growth prospects for the whole of 2015, and appropriate for ensuring medium-term price stability in the economy. Weakness in the Singapore dollar can put upward pressure on local interest rates as investors seek further incentive to hold on to the weakening currency, while a stronger currency helps keep interest rates down like for SIBOR the rate at which most home loans are pegged at. Read more…
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