Tackling the rising SIBOR #sgproperty
For the past four years, the 3-month SIBOR has been staying relatively stable at approximately 0.4 percent. However, at the start of 2015, the rate suddenly jumped to more than 0.6 percent. One of the key reasons for this rise is due to a resurgent American economy, which caused the USD to strengthen against the SGD. Another reason is because of the weaknesses shown in Europe. There is strong speculation that the European Central Bank will be announcing a quantitative easing programme during their next meeting on 22 January. Analysts also fear that Greece might exit the region's monetary union - the country is gearing up for their next elections on 25 January and the leftist opposition party is currently leading in the latest public opinion polls.