News about Bank Negara

KUALA LUMPUR (Nov 21): Freezing approvals for applications to build shopping malls, offices, serviced apartments and luxury condominiums, which came into effect on Nov 1, will artificially push supply into a certain market, some property developers argue.

KUALA LUMPUR (Nov 20): Sime Darby Property Bhd, which would be listed on Nov 30, said it will evaluate the effects of newly-announced federal government freeze on luxury properties, on its joint-venture projects.

KUALA LUMPUR (Nov 20): The expectation of an interest rate hike next year is likely to be on the back of a stronger ringgit, with some economists predicting it could breach 4.

KUALA LUMPUR (Nov 20): As the Malaysian economy put its foot on the gas pedal in the third quarter of the year, the strong growth has given the central bank more flexibility to adjust interest rates.

PETALING JAYA (Nov 18): The Cabinet has directed Dewan Bandaraya Kuala Lumpur (DBKL) to freeze approvals for four types of developments following a study by Bank Negara Malaysia (BNM) that raised the alarm on a glut in these buildings.

KUALA LUMPUR (Nov 17): The imbalances in the property market pose significant risks to the overall market in the event of a shock, said Bank Negara Malaysia (BNM) governor Tan Sri Muhammad Ibrahim as he briefed the media on the country's economic growth for the third quarter.

KUALA LUMPUR (Nov 10): Standard Chartered Bank said Bank Negara Malaysia (BNM) is expected to hike the overnight policy rate (OPR) in January 2018, mainly due to the central bank’s “hawkish intent”.

KUALA LUMPUR (Nov 9): Bank Negara Malaysia (BNM)'s Monetary Policy Committee (MPC) is keeping the Overnight Policy Rate (OPR) at 3%, as it expects Malaysia's growth to remain strong in 2018, amid a strengthening global economy.

KUALA LUMPUR (Nov 2): The proposed loosening of mortgage lending is insufficient to promote home ownership in the country as there is a mismatch between housing price and income levels, said the Malaysian Rating Corp Bhd (MARC).

There is this constant lament among middle-income Malaysians that they just can’t afford to own a home within a reasonable time frame.