Property
Singaporeans, Are Your Loans Feeling Heavier?
By Doctor Wealth  •  November 21, 2014
If you notice that your monthly instalments are getting a little higher, you are spot on the fact that 1 month SIBOR is at its highest levels in 4 years. Ok, we cannot say the same for the 3 month SIBOR or the 6 month SIBOR yet but they are at their 3 year high. loans For Singaporeans, I do not think there are more than a handful or maybe hundred, including past and present money market dealers who understand how SIBOR works or what SIBOR is. And I feel awkward going around correcting misconceptions about SIBOR so I have just given up because when I was at TIMES the other day, I picked up this $30 book with one of those multiply-your-money titles, written by a Singaporean expert, that claims that SIBOR is related to LIBOR due to our exchange rate policy. And I do not profess to be an ......
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By Doctor Wealth
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