Interest rates likely to rise in Singapore

TMCnet.com, 9 Dec 2010Those record-low interest rates home buyers have been enjoying in Singapore are on the way out, according to economists.They expect rates to inch up next year, largely because the United States is also forecast to lift its rates.The three-month US-dollar Singapore Interbank Offered Rate (Sibor) is forecast to rise 0.2 percentage point to 0.5 per cent next year, ..... Full