OPR

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...

Bank Negara Maintains OPR at 3% Amid Positive Economic Indicators Bank Negara Malaysia has decided to keep the Overnight Policy Rate (OPR) unchanged at 3%, following the conclusion of its two-day Monetary Policy Committee (MPC) meeting. This decision aligns with economists' expectations and maintains the benchmark lending rate at its level since the last increase of 25 basis points in May...

In a move that underlines confidence in Malaysia's economic rebound, the country's central bank, Bank Negara Malaysia (BNM), decided to maintain the overnight policy rate (OPR) at 3%. This decision, announced following a two-day meeting of the Monetary Policy Committee, aligns with the predictions of financial experts and reflects an economic environment marked by balanced growth and moderate...

In a recent assessment, Victor Yong, an interest rates strategist at UOB Global Economics and Market Research, has provided a detailed outlook on the future movements of the Bank Negara Malaysia’s (BNM) Overnight Policy Rate (OPR). According to Yong, BNM is expected to maintain the OPR at 3.00 percent for at least another twelve months, with the next adjustment likely to be a reduction. Yong’s...

Following the latest Monetary Policy Committee (MPC) meeting, Bank Negara Malaysia (BNM) has announced the retention of the overnight policy rate (OPR) at 3%. This decision marks the fourth consecutive time since July 2023 that the MPC has maintained the rate, following a 25 basis point increase in May of the previous year. BNM stated, “With the OPR currently at 3%, our monetary policy stance continues...

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...

The recent discussion at the RAM Forum 2023 centered on whether raising the Overnight Policy Rate (OPR) is an effective tool for bolstering the Malaysian ringgit. Panellists at the forum expressed skepticism about the efficacy of this approach, particularly in light of the continued tightening of monetary policy in the United States. Maybank Investment Bank's Head of Fixed Income Research, Winson Phoon,...

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...

A total of 50.3% or 6.4 million accounts of the total loan accounts in the household sector are fixed-rate loans that are not affected by the 100-basis-point (bps) increase in the overnight policy rate (OPR) last year, said Deputy Finance Minister Datuk Seri Ahmad Maslan. An estimated 54.8% of loan accounts of low-income borrowers, with an income of less than RM5,000 per month, are...