By Belinda Lim
If you notice that your monthly installments are getting a little higher, you are spot on the fact that 1 month SIBOR is at its highest levels in 4 years.
Ok, we cannot say the same for the 3 month SIBOR or the 6 month SIBOR yet but they are at their 3 year high.
For Singaporeans, I do not think there are more than a handful or maybe hundred, including past and present money market dealers who understand how SIBOR works or what SIBOR is.
And I feel awkward going around correcting misconceptions about SIBOR so I have just given up because when I was at TIMES the other day, I picked up this $30 book with one of those multiply-your-money titles, written by a Singaporean expert, that claims that SIBOR is related to <a target="_blank" href="http://www.drwealth.com/lexicon/libor/" target="_blank" title="LIBOR stands for London Interbank Offered Rate, the …read more