As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

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Sunday, 23 January 2011

Singapore Interest Rate since 1988

Read? Fed Rate up, STI down?

One of my friends has attended a property investing seminar and the attendees were shown a chart on past years Singapore interest rate and highest rate reached at around 4%. At such low rate property investors  can easily recover the interests payment with rentals.

Here is the Singapore Interest Rate since 1998.

The official interest rate is Singapore Interbank Offered Rate (Sibor), or the rate at which banks lend to one another, which tends to track the Fed rate.

Interestingly, the historical high of 20.00 percent is in January of 1990 and a record low of -0.75 percent is in October of 1993

So don't assume future interest rate cannot rise higher than 2-3%. See the chart for yourself.


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