The United States Federal Reserve delivered on Wednesday its smallest rate hike since last year and acknowledged that US inflation is cooling.
But that does not mean the price pressures seen in Singapore are now in the past and that interest rates here, especially those that affect home loans, will start to ease any time soon.
Analysts said short-term rates, such as the three-month Singapore Overnight Rate Average (Sora) and the Singapore Interbank Offer Rate (Sibor) – used as benchmarks for pricing floating-rate housing loan packages, will likely climb higher, tracking the 0.25 percentage point increase by the Fed.
Mr Chua Hak Bin, regional cohead of macro research at Maybank, said the three-month Sora will rise to 3.35 per cent, from 3.15 per cent now, while the three-month Sibor will likely rise towards 4.45 per cent, from its current level of 4.25 per cent.
This suggests that mortgage rates may climb further.
ãã®èšäºã¯ The Straits Times ã® February 03, 2023 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã9,000 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã ?  ãµã€ã³ã€ã³
ãã®èšäºã¯ The Straits Times ã® February 03, 2023 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã9,000 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã? ãµã€ã³ã€ã³
PRANCING IN A PACK
Ferrari boss says constructors' c'ship too close to call, with four teams in the mix
F1 drivers swear by their 'human' emotions
Leading Formula One drivers at this week's Singapore Grand Prix said on Sept 19 they would not tone down their language on team radio, after governing body the International Automobile Federation (FIA) warned them to cut out the swearing.
NIGHT RACE CRUCIAL TO TIGHT TITLE FIGHT
For the first time in years, F1 heads to S'pore with a genuine battle for the drivers' crown
VOLUNTEERS WITH PASSION FOR F1
Love for the motor sport sees helping hands of S'pore GP return year after year
Hojlund and Mount to return in 'careful way'
Rasmus Hojlund and Mason Mount could make their returns during Manchester United's English Premier League trip to Crystal Palace on Sept 21, but manager Erik ten Hag is wary of rushing the duo back from injury.
ALISSON A DOUBT AGAINST CHERRIES
Slot also set to be without Elliott; expects 'aggressive' Bournemouth side
Raya's saves the best Arteta has ever seen
Arsenal manager Mikel Arteta hailed his goalkeeper David Raya, after the Spaniard's miraculous double save earned his side a 0-0 draw away to Atalanta in the Champions League on Sept 19.
DIVERSITY KEY FOR FENCING EXCO
Team of 11 include national water polo captain and former S'pore wushu athlete
Surge in Ohtani-mania after historic 50-50 feat
Japan erupted in cheers on Sept 20, a day after national hero Shohei Ohtani blasted his way into Major League Baseball (MLB) history as the first player to hit 50 home runs and steal 50 bases in a season.
Foreign-led Young Lions eye new territory
Things are looking upbeat for perennial bottom dwellers Young Lions this Singapore Premier League term with the infusion of several foreign players and seasoned campaigners.