Malaysia’s GDP grew by 8.9% in the second quarter, at its fastest rate in a year

Malaysia's economy expanded substantially in a year, supported by a rise in consumer spending that helped services and manufacturing rebound. This gave the central bank more room to concentrate on combating inflation. According to Bank Negara Malaysia (BNM), gross domestic product expanded 8.9% in April-June from a year ago, beating the 7% median estimate in…

12 August 20220

News & Event

Bank Negara’s Revised Reference Rate Framework: What Does it Mean?

Bank Negara Malaysia had recently announced the release of the revised Reference Rate Framework. The Framework will be effective 1st August 2022. Under the revised framework, the Standardised Base Rate will replace the Base Rate (BR) as the reference rate for new retail floating-rate loans. Why the Change? Reference rates are publicly accessible…

12 August 20210

Market Insights

OPR maintaining at 1.75% – how does it affect the property market?

Check out this article to know more about the updated OPR for 2022! What is the Overnight Policy Rate (OPR)? As of May 6th, Bank Negara Malaysia has maintained the overnight policy rate (OPR) at 1.75%. Despite the impact of the COVID-19 pandemic, the central bank said the global economies continued…

7 May 20210

Market Insights News & Event

OPR cut a tactical move – Shan Saeed

Bank Negara Malaysia’s (BNM) overnight policy rate (OPR) cut yesterday is considered as a “tactical” move to keep the growth momentum intact and provide sufficient liquidity in the market, an economist said. “It gives banks clear forward guidance that interest rate would be lowered in a structured manner in the months to come,” IQI Global…

24 January 20200

News & Event

Bank Negara Malaysia lowers OPR to 2.75%

Bank Negara Malaysia has decided to lower the Overnight Policy Rate to 2.75% from 3% previously, following the meeting of its Monetary Policy Committee meeting. In a statement, BNM said the adjustment to the OPR is a pre-emptive measure to secure the improving growth trajectory amid price stability. “At this current level of the…

22 January 20200

Market Insights News & Event

Bank Negara Malaysia’s RM1 billion fund for affordable homes

Bank Negara Malaysia has announced enhancements to the RM1 billion Fund for Affordable Homes , which aims to help home buyers from the lower-income group to finance the purchase of their first homes. The enhancement, which will take effect on 1 September 2019, involves the expansion of the eligibility criteria, as follows:…

23 August 20190

Malaysia’s GDP grew by 8.9% in the second quarter, at its fastest rate in a year

Malaysia’s GDP grew by 8.9% in the second quarter, at its fastest rate in a year

Malaysia’s GDP grew by 8.9% in the second quarter, at its fastest rate in a year

Bank Negara’s Revised Reference Rate Framework: What Does it Mean?

OPR maintaining at 1.75% – how does it affect the property market?

OPR cut a tactical move – Shan Saeed

Bank Negara Malaysia lowers OPR to 2.75%

Bank Negara Malaysia’s RM1 billion fund for affordable homes

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