Singapore's interest rate balancing act

Assistant Professor Aurobindo Ghosh, programme director at the SMU Sim Kee Boon Institute for Financial Economics commented on the US and Singapore interest rates: "US interest rates including the federal funds rate are expected to be quite low till late 2014. Following that, interest rates like Sibor [Singapore Interbank Offered Rate] or SOR [Swap Offer Rate] are expected to be low as well due to capital mobility".