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UOB kept at 'buy' on widening NIM, potential for more dividends

PC Lee
PC Lee10/1/2018 08:44 AM GMT+08  • 2 min read
UOB kept at 'buy' on widening NIM, potential for more dividends
SINGAPORE (Oct 1): Last Wednesday, the Federal Open Market Committee (FOMC) raised the US federal funds rate (FFR) by 25bps.
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SINGAPORE (Oct 1): Last Wednesday, the Federal Open Market Committee (FOMC) raised the US federal funds rate (FFR) by 25bps.

The FOMC dot-plot points to another FFR hike in December, with three more following in 2019.

From an average of 1.51% in 2Q18, the three-month SIBOR has risen to an average of 1.63% in 3Q18, representing a 12bps q-o-q rise.

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