Jan
14
Singapore Mortgage Benchmark Rates Climb to Seven-Year High
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Money markets dry up as Singapore buys currency: MUFJ Kokusai
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It’s too early to buy Asia currencies, MUFJ’s Shimomura says
Singapore short-term interest rates used to set mortgages surged to a seven-year high on speculation central bank activity in the currency market is resulting in rising borrowing costs.
“The authorities are buying their currencies and selling U.S. dollars,” said Hideo Shimomura, the chief fund investor in Tokyo at Mitsubishi UFJ Kokusai Asset Management. “They are absorbing liquidity from the market. The money market is drying up.”…
Singapore Mortgage Benchmark Rates Climb to Seven-Year High
