News about Bank Negara

KUALA LUMPUR (June 12): Marzunisham Omar was today named as a deputy governor of Bank Negara Malaysia (BNM) for a three-year term, effective June 15.

Bank Negara Malaysia’s (BNM) automatic six-month moratorium on all bank loans will benefit property owners with mortgages, but what happens after the moratorium ends? Read also Uncovering the bargains on EdgeProp.

The economic costs associated with Covid-19 go beyond those incurred by any other previous crises.

KUALA LUMPUR (May 24): About 60% of Malaysian workers will find it very challenging to survive for more than one week, let alone raise even RM1,000 in household expenses, if they suddenly lost their jobs due to the Covid-19 pandemic.

KUALA LUMPUR (May 8): Standard Chartered Malaysia (StanChart) has announced that it will be lowering its base rate and base lending rate by 50 basis points to 2.

KUALA LUMPUR (May 5): Bank Negara Malaysia (BNM) has cut its overnight policy rate (OPR) by 50 basis points (bps) to 2%, a level last seen during the 2008-09 global financial crisis.

KUALA LUMPUR (May 1): Bank Negara Malaysia has issued an FAQ to respond to the public’s queries on the six-month moratorium granted on Hire-Purchase loans and fixed rate Islamic financing.

KUALA LUMPUR (April 23): CGS-CIMB Securities Sdn Bhd said yesterday it expects Bank Negara Malaysia (BNM) to cut the overnight policy rate (OPR) by another 75 basis points (bps) in anticipation of a contraction in the country’s economy in 2020 and subdued inflation during the year.

A note from the Editor-in-Chief The current Covid-19 outbreak is unleashing havoc to economies across the globe.

The Malaysian Housing Price Index (HPI) fell by 9.