SINGAPORE (Sept 17): Given the growing US economy, the market expects the US federal funds rate (FFR) to be raised by 25bps during the Sept 25-26 Federal Open Market Committee (FOMC) meeting.
Correspondingly, the three-month SIBOR -- now at 1.64% -- is expected to rise, given the historical correlation between the FFR and three-month SIBOR.
In 2Q18, the three-month SIBOR averaged 1.51%. 3Q18 to date, the SIBOR is already averaging higher at 1.63%.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)