Sibor jumped to 0.8793%, up 4% from the previous day

Sibor rate rose

The 3-month Sibor or Singapore interbank offered rate jumped to 0.836 per cent on Monday from last Friday on continued US dollar strength.

At Monday’s level, the 3-month Sibor which is used to price home loans is up almost 3 per cent from last Friday, and 115 per cent higher from the 2014 low of 0.389 per cent.

The US dollar continued to rally on stronger jobs growth data out last Friday. Year-to-date, at S$1.3797, the greenback is up 4.09 per cent against the SGD.

Source: www.straitstimes.com

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