Raising OPR not an effective tool to strengthen ringgit, say economists
The last time Bank Negara Malaysia raised the OPR was in May, instituting a 25 bps hike to 3%, from 2.
The last time Bank Negara Malaysia raised the OPR was in May, instituting a 25 bps hike to 3%, from 2.
Bank Negara is scheduled to hold its sixth and final Monetary Policy Committee meeting for 2023 on Nov 1 and 2.
Ahmad Maslan emphasized that the government is closely monitoring the movement of the Malaysian ringgit, as it affects the prices of imported goods.
It also sees the unchanged overnight policy rate (OPR) as positive for property companies, supporting recovery in demand for properties and buying interest.
The projection was driven by the ease of headline inflation year on year (y-o-y) to 2% in July 2023, from 2.
“Looking ahead, we believe that the BNM will be wary of loosening monetary policy too soon.
This is the third consecutive time that the OPR has been at 3%.
In a filing with Bursa Malaysia on Monday (Aug 28), the property developer said that UEM Sunrise South Africa had entered into a sale of shares and claims agreement with Azishe Properties Proprietary Ltd for the proposed divestment.
“I am cautiously optimistic on the Malaysia property market going forward in the short-term perspective.
Pinjaman rumah telah menjadi lebih canggih dan lebih peka terhadap keperluan peminjam.