BNM

Malaysia’s Housing Loan Growth Slows to 6.9% in 2024, But Remains Sound and Owner-Driven Malaysia’s housing loan market remained stable in 2024, despite a slight year-on-year (y-o-y) slowdown in growth to 6.9%, compared to 7.3% recorded in 2023. According to Bank Negara Malaysia’s (BNM) Financial Stability Review — Second Half 2024, the primary drivers behind this sustained growth were...

Bank Negara Malaysia Maintains OPR at 3% – What It Means for Property Investors in 2025 BNM Holds Interest Rates Amid Global Uncertainty: A Boon for Property Market Stability KUALA LUMPUR, MALAYSIA – Bank Negara Malaysia (BNM) has decided to maintain the Overnight Policy Rate (OPR) at 3%, as widely anticipated, in its latest Monetary Policy Committee (MPC) meeting. This decision comes amid global...

Bank Negara Malaysia Keeps OPR at 3% to Support Economic Growth Bank Negara Malaysia (BNM) has decided to maintain the Overnight Policy Rate (OPR) at 3%, as widely anticipated, following its two-day Monetary Policy Committee (MPC) meeting. This decision reflects the central bank’s confidence in Malaysia’s strong economic fundamentals and manageable inflation outlook. A Supportive Monetary...

Ringgit Shows Positive Trajectory Backed by Economic Strength The ringgit is demonstrating a positive outlook, reflecting Malaysia’s strong economic fundamentals and promising growth prospects for the next several years, according to Bank Negara Malaysia (BNM) Governor Datuk Seri Abdul Rasheed Ghaffour. Speaking at the Malaysia Economic Forum (FEM) 2025, the governor emphasized that the ringgit is...

Bank Negara Malaysia (BNM) is expected to lower the Overnight Policy Rate (OPR) to 2.75% in 2025, compared to the current 3.0%, according to economic analyst Associate Prof Dr. Ahmed Razman Abdul Latiff. Speaking to Utusan Malaysia, Dr. Ahmed Razman explained that the reduction could align with the United States Federal Reserve's recent interest rate cut to 4.5%. He noted, "In 2022, when the US interest...

Bank Negara Malaysia Holds Overnight Policy Rate at 3% Amid Positive Economic Prospects Bank Negara Malaysia (BNM) announced today that it will maintain the overnight policy rate (OPR) at 3%, a decision aimed at sustaining economic momentum while balancing inflationary pressures. This rate aligns with the central bank’s current evaluation of economic growth and inflation outlook. “At the current OPR...

Malaysia’s Overnight Policy Rate (OPR) is projected to remain steady at 3% throughout 2024, as the nation experiences a moderation in Producer Price Index (PPI) inflation. In August 2024, the PPI inflation rate slowed to 0.3% year-on-year (y-o-y), down from 1.3% y-o-y in the previous month, signaling a shift in local production costs. The Producer Price Index (PPI) measures price changes at the producer...

In line with market expectations, Bank Negara Malaysia (BNM) has opted to maintain its benchmark Overnight Policy Rate (OPR) at 3% during its fourth Monetary Policy Committee (MPC) meeting for 2024. The decision comes as the country enjoys sustained economic growth and benign inflation, providing a stable backdrop for future expansion. According to a Bloomberg survey, all economists predicted that the...

Even if the United States Federal Reserve (US Fed) proceeds with the anticipated interest rate cuts, Bank Negara Malaysia (BNM) is likely to maintain the Overnight Policy Rate (OPR) at 3% through the end of 2025, according to Maybank Investment Bank Bhd (Maybank IB). This forecast comes amid a strengthening ringgit and persistent domestic inflationary pressures. Fed Rate Cuts and BNM's OPR...

Bank Negara Malaysia (BNM) announced that its international reserves increased by 1.05% to US$115.9 billion (RM507.35 billion) as of August 15, 2024, compared to US$114.7 billion (RM502.08 billion) as of July 31, 2024. In a statement, the central bank emphasized that this reserves position is sufficient to finance 5.4 months of imports of goods and services and is equivalent to one time the total...