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(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 ...
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 ...
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]
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 ...
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 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 ...
The median forecast of 21 economists surveyed by the Monetary Authority of Singapore (MAS) is for Singapore's economy to grow 3.5% this year, down from a forecast of 3.8% in June's survey.
The central bank sharply adjusted its macroeconomic forecasts. It stated that Russia's foreign exchange reserves, then the fourth largest in the world at roughly US$480 billion , were expected to decrease to US$422 billion by the end of 2014, US$415 billion in 2015, and under US$400 billion in 2016, in an effort to prop up the ruble.