BNM allows banks to tap into capital buffers amid COVID-19

KUALA LUMPUR (March 25): Bank Negara Malaysia (BNM) announced today that it is allowing banking institutions to tap into their capital buffers, and to provide flexibility on several operating guidelines as the nation grapples with the impact of the COVID-19 outbreak.

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Another OPR cut likely, say economists

KUALA LUMPUR (March 5): Economists are not discounting another cut in Bank Negara Malaysia’s (BNM) key interest rate down the road, amid the various internal and external headwinds from the COVID-19 outbreak to weak global trade.

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OPR down to 2.5% for first time in a decade

KUALA LUMPUR: As the COVID-19 outbreak continues to grow, Bank Negara Malaysia (BNM) yesterday announced another cut of 25 basis points (bps) in the overnight policy rate (OPR), marking the first time in 10 years that the rate has been reduced to 2.

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Maybank cuts BLR, deposit rates by 25 basis points

KUALA LUMPUR (March 3): Malayan Banking Bhd (Maybank) said it will cut its base rate (BR) and base lending rate (BLR) by 25 basis points effective Thursday, in line with the reduction in the overnight policy rate (OPR) announced by Bank Negara Malaysia today.

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BNM approves Bank Pembangunan-Danajamin merger talks

KUALA LUMPUR (Dec 23): Bank Pembangunan Malaysia Bhd (BPMB) and Danajamin Nasional Bhd have received Bank Negara Malaysia's (BNM) approval to commence negotiations under the first phase of the government's proposed merger involving the country's development financial institutions (DFIs).

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BNM Governor: Malaysia economic growth 'will remain positive' in 4Q

KUALA LUMPUR (Nov 15): Bank Negara Malaysia (BNM) Governor Datuk Nor Shamsiah Mohd Yunus said today Malaysia's economic growth will remain positive in the fourth quarter of 2019 (4Q19) and the expansion will be sustained into 2020, anchored by the country's private sector spending and diversified nature of its economy and exports.

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