3-month SIBOR falls below 1%

PropertyGuru.com.sg The 3-month Singapore interbank offered rate (SIBOR) slipped to 0.946 percent from the 1.012 percent rate on Wednesday amid an improved outlook on the Singapore dollar. This follows the Monetary Authority of Singapore's (MAS) surprising decision on Tuesday to maintain its monetary policy, causing the Sing dollar to rally. Weakness in the Singapore dollar can put upward pressu…

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