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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 ...
Global interest rates are likely to stay low, fuelling an already red-hot Swiss property market that poses risks to financial stability, Swiss National Bank (SNB) Vice Chairman Fritz Zurbruegg ...
It is an alternative to Singapore Interbank Offered Rate (SIBOR) which is a measure of the interbank money market rates. [1] As of December 2018, SOR is measured and published periods of overnight, 1 month, 3 month, and 6 month. Like SIBOR, SOR is set by the Association of Banks in Singapore, and is also publicly available. [2]
The SNB's monetary policy strategy consists of three elements: a definition of price stability (the SNB equates price stability with a rise in the national consumer price index of less than 2% per year), a medium-term conditional inflation forecast, and, at operational level, a target range for a reference interest rate, which is the Libor for ...
Singapore's economic growth is expected to moderate further next year, tracking a slowdown in its major trading partners, while global inflation is expected to ease in 2023, the head of the city ...
(Bloomberg) -- With inflation and interest rates set to stay high, Singapore is prepared to increase support measures to help deal with the increased cost of living, Prime Minister Lee Hsien Loong ...
The Federal Reserve begins its two-day rate-setting session today, and economists are expecting the Fed will lower its benchmark interest rate by another quarter-point cut to a range of 4.25% to 4 ...
Central bank liquidity swap is a type of currency swap used by a country's central bank to provide liquidity of its currency to another country's central bank. [1] [2] In a liquidity swap, the lending central bank uses its currency to buy the currency of another borrowing central bank at the market exchange rate, and agrees to sell the borrower's currency back at a rate that reflects the ...