BNM

Bank Negara Malaysia (BNM) is expected to maintain its Overnight Policy Rate (OPR) at 3% throughout 2024, according to BMI, a Fitch Solutions company. This projection follows BNM's recent decision to leave the OPR unchanged for the third consecutive meeting on November 2, aligning with expectations. Inflation Trajectory BMI highlights that Malaysia's domestic inflation has been on a clear downward...

Bank Negara Malaysia (BNM) has chosen to maintain its overnight policy rate (OPR) at 3% during its most recent Monetary Policy Committee (MPC) meeting, marking the third consecutive session where the OPR remains unchanged. Despite some calls for a rate hike to stabilize the ringgit, which has reached a 25-year low against the US dollar, BNM has opted to maintain the status quo since its last rate hike in...

Bank Negara Malaysia (BNM) has announced its decision to maintain the Overnight Policy Rate (OPR) at 3%. This move comes amidst challenges in Malaysia's economic growth, including slower external demand and a decline in commodity production. The decision marks the third consecutive time that the OPR has remained at 3%. In May, BNM raised the OPR by 25 basis points from 2.75% to 3%. The central bank stated...

The documentation fee for housing loan borrowings has been abolished by local banks following a “notice of cessation to all banks” from Bank Negara Malaysia, according to a report by The Star. The daily reported that notices posted by a number of banks mentioned the directive from Bank Negara, detailing that they must from today “cease charging a fee relating to the provision of housing loan...

The National House Buyers Association (HBA) applauds the recent directive from Bank Negara Malaysia (BNM) that banks must immediately cease charging “loan documentation fees” on housing loans (for conventional loans) and housing financing (for Islamic financing). The move by BNM for Banks to cease charging these “loan documentation fees” shows that the new unity government under our current...

Bank Negara Malaysia (BNM)’s Monetary Policy Committee (MPC) has raised its overnight policy rate (OPR) by 25 basis points (bps) to 2.5% on Thursday (Sept 8), in line with expectations for further normalisation of monetary policy as the country’s economic growth and inflation gain momentum. This is the MPC’s third consecutive 25bps OPR hike this year, in line with 17 economists’ forecast...