News about Bank Negara Malaysia

Economists believe the government is unlikely to slash subsidies abruptly in Malaysia, especially those regarding electricity and petrol.

In 2022, BNM raised the OPR four times at 25bps each, which upped the OPR level from its record low of 1.

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.

KUALA LUMPUR (Nov 4): Fitch Solutions, the research unit of Fitch Group, is expecting Bank Negara Malaysia to raise the overnight policy rate (OPR) by 50 basis points (bps) to 2.

KUALA LUMPUR (Oct 14): Bank Negara Malaysia (BNM) welcomes the Financial Management & Resilience Programme (URUS) by Agensi Kaunseling dan Pengurusan Kredit (AKPK) and the banking industry, which seeks to aid B50 borrowers with performing loans who have lost their jobs or who are experiencing income loss of at least 50%.

KUALA LUMPUR (Sept 24): Bank Negara Malaysia (BNM) has launched the Malaysia Overnight Rate (MYOR) as the new alternative reference rate (ARR) for Malaysia, as part of a transition to transaction-based rates.

KUALA LUMPUR (Aug 16): Despite Bank Negara Malaysia’s (BNM) move to slash growth forecast for 2021 to the 3% to 4% range, some economists are still holding out hope for growth to come in above 4% this year.

KUALA LUMPUR (Aug 11): Bank Negara Malaysia (BNM) today released the revised Reference Rate Framework that will take effect from Aug 1, 2022, under which the Standardised Base Rate will replace the Base Rate (BR) as the reference rate for new retail floating-rate loans.

KUALA LUMPUR (July 6): Individuals, microenterprise borrowers and SMEs that are affected by the pandemic may start applying for the six-month moratorium from tomorrow onwards, via banks’ website, email or phone call.

KUALA LUMPUR (May 11): The Malaysian economy, as measured by gross domestic product (GDP), registered a decline of 0.