Singapore inflation falls in April for sixth straight month, bigger-than-expected

why did SIBOR rate drop? i thought the Sibor is closely correlated to the US Fed funds rate, so any expectations of a hike there would move interest rates here higher. Slack demand for property, is this the reason?


take a look at this ST article in march, you will get what i mean!

http://www.straitstimes.com/news/business/economy/story/the-rise-fall-and-rise-again-sibor-20150312

Runifyouhaveto said:

Singapore is still ok as long as SIBOR stays below 2%

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Small drop from 1% to 0.8% range. I think that drop happened weeks ago because many US Fed members hinted that they prefer rate hike postponed from June to Sept.

thanks, bro for the clarification. so it will still go up...

Runifyouhaveto said:

Small drop from 1% to 0.8% range. I think that drop happened weeks ago because many US Fed members hinted that they prefer rate hike postponed from June to Sept.

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dancingshoes said:

thanks, bro for the clarification. so it will still go up...

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Not sure, maybe we should say limited downside.

If it goes up slowly, it's ok.
Banks can manage their risk by having enough time to clear their delinquent-loans
It can even translate to higher profits from lending.