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SIBOR stands for Singapore Interbank Offered Rate [1] and is a daily reference rate based on the interest rates at which banks offer to lend unsecured funds to other banks in the Singapore wholesale money market (or interbank market). It is similar to the widely used LIBOR (London Interbank Offered Rate), and Euribor (Euro Interbank Offered ...
The Fed said that the reverse repo rate will now stand at 4.25% from its prior level of 4.55%, marking a 30 basis point easing, while it lowered the federal funds target rate range by a quarter ...
While the federal funds rate target is seen being trimmed by a quarter-percentage-point to between 4.25% and 4.50%, the reverse repo rate, or RRP, is seen falling to 4.25% from its current setting ...
The rate at which the RBI lends to commercial banks is called the repo rate. In case of inflation, the RBI may increase the repo rate, thus discouraging banks to borrow and reducing the money supply in the economy. [17] As of September 2020, the RBI repo rate is set at 4.00% and the reverse repo rate at 3.35%. [18]
This rate is revised periodically. However, there is no predetermined schedule. The repo rates are changed reactively depending on the economy. As in other countries, repo rates affect the money flow into the nation's economy and affect the inflation and commercial banks' lending or interest rate. As of May 2020, the Bank Rate is 4.65%. [10]
The Singapore Tiger Standard, an English morning daily newspaper, was accused as "anti-Merdeka" by S. Rajaratnam, [7] and was closed in 1959 after the People's Action Party came to power. [ 8 ] In 1971, the Government crackdown on newspapers perceived to be under foreign influence or with subversive tendencies; saw the closing of The Eastern ...
The Straits Times (also known informally by its abbreviation ST) is a Singaporean daily English-language newspaper owned by the SPH Media Trust. [2] [3] [4] Established on 15 July 1845, it is the most-widely circulated newspaper in the country and has a significant regional audience.
The Business Times is a Singaporean financial newspaper under SPH Media, a media organisation with businesses in print, digital, radio, and outdoor media in Singapore. The paper is published Monday to Saturday, with the Saturday edition called The Business Times Weekend. It had a circulation (print and digital) of 39,500. [citation needed]