Written by Bloomberg
Wednesday, 18 August 2010 12:08
Singapore’s three-month interbank loan rate for U.S. dollars fell for a 22nd day, the longest stretch of declines since November 2008.
Sibor, which banks charge each other to borrow in U.S. dollars, fell 1.8 basis points to 0.358%, the biggest decline in three months, when the rate was fixed at 11 a.m. local time. The rate is the lowest since May 5.
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