News about BNM

KUALA LUMPUR (Sept 8): Bank Negara Malaysia is unlikely to risk raising the overnight policy rate (OPR) too soon as it can affect consumers' debt service capacity, says Malaysian Rating Corp Bhd (MARC).

KUALA LUMPUR (Sept 7): The Monetary Policy Committee of Bank Negara Malaysia (BNM) decided at its meeting today to maintain its overnight policy rate (OPR) at 3%.

KUALA LUMPUR (July 26): The government is looking into establishing a single authority to monitor Malaysia’s property market, amid issues of supply and demand mismatch within the affordable housing segment.

KUALA LUMPUR (May 9): Bank Negara Malaysia (BNM) is most likely to keep the overnight policy rate (OPR) unchanged at its monetary policy meeting this Friday, according to UOB Malaysia.

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AS controversy rages over the suggestion for developers to lend money to prospective buyers who have difficulties getting financing to purchase properties, one question remains unasked: Will lower property prices help resolve the buyers’ financing problem? The logic is that by reducing prices, prospective buyers will be eligible to get a margin of financing that is sufficient to buy the developers’ products.

KUALA LUMPUR (July 21): First-time home owners continue to have access to financing, said Bank Negara Malaysia (BNM), in response to calls for lending guidelines to be reviewed to ease home ownership for first-time homebuyers.

CONTRARY to the expectation of most economists, Bank Negara Malaysia cut the overnight policy rate (OPR) by 25 basis points to 3% last Wednesday, following its counterparts from Indonesia, Singapore and Taiwan.

PETALING JAYA (July 14): Maybank’s base rate (BR) and base lending rate (BLR) will be reduced by 20 basis points to 3% per annum and 6.

PETALING JAYA (July 14): Bank Negara Malaysia’s (BNM) decision to cut the overnight policy rate (OPR) by 25 basis points to 3% is expected to have a positive impact on borrowers and the property sector, said property developers and mortgage firms.