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Launch of fixed rate home loans an ominous sign for Singapore bank stocks

PC Lee
PC Lee9/11/2017 12:48 PM GMT+08  • 2 min read
Launch of fixed rate home loans an ominous sign for Singapore bank stocks
SINGAPORE (Sept 11): RHB says investors may have to temper their expectations that net interest margins is set to widen for all three Singapore banks.
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SINGAPORE (Sept 11): RHB says investors may have to temper their expectations that net interest margins is set to widen for all three Singapore banks.

Last week, both UOB and HSBC launched three-year fixed rate home loan packages, joining DBS which already has a package in place.

RHB says this is in response to recent market expectations of delays in the hiking of Fed funds rate (FFR) which should translate to a delayed increase in SIBOR.

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