The committee’s final interest rate hike of 2022 was in line with Bloomberg median economist expectations and marked the fourth consecutive 25bps hike of this year, translating to a year-to-date increase of 100bps.
The land premium for converting the land status is a “minimal” RM10,000.
On Monday, BNM said financial institutions will need to migrate from SMS one-time passwords (OTPs) to more secure forms of authentication for online activities or transactions, and further tighten fraud detection rules and triggers for blocking suspected scam transactions.
Malaysia’s CPI increased for the fifth consecutive month in August, coming at 4.
"Many say the government prioritises the banks (by increasing the OPR), but this is not a government decision, and neither does the government interfere in this (OPR) matter.
This is the MPC’s third consecutive 25bps OPR hike this year, in line with 17 economists’ forecast polled by Bloomberg, bringing year-to-date increase to 75bps.
BNM governor Tan Sri Nor Shamsiah Mohd Yunus: For OPR (overnight policy rate) to go back to the pre-pandemic level of 3.
KUALA LUMPUR (March 30): The number of unsold houses remained elevated in the third quarter of 2021 despite some improvements in activity in the residential property market, said Bank Negara Malaysia (BNM).
KUALA LUMPUR (March 30): Against the backdrop of low interest rates domestically and globally, there have been limited signs of credit-fuelled speculative investments in the housing market, according to Bank Negara Malaysia (BNM).