News about rate

The policy rate has remained unchanged since July when BNM sprang a surprise with a 25-basis-point reduction in what the central bank described as a “pre-emptive measure” to support economic growth.

“Despite external risks, BNM remains upbeat on domestic demand, supported by a strong labour market, policy measures, and sustained investment from infrastructure and development initiatives,” RHB Investment Bank said.

The group said Bank Negara Malaysia’s recent 25-basis-point cut in the overnight policy rate is anticipated to create a more supportive environment for homebuyers and investors by reducing borrowing costs and improving housing affordability.

As at June 30 this year, AME REIT’s portfolio comprises 39 investment properties, including 36 industrial properties with a total agreed lettable area of 2.

“I think the central bank wants to wait and see whether the July rate cut will support economic growth.

About half of 23 economists polled predict a cut from 3%, while the rest expect the central bank to stand pat.

"If the Fed stays on hold for longer, or the unwinding of fuel subsidies sends inflation too high, BNM may be content to keep the OPR at 3%.

Menteri Besar Datuk Seri Saarani Mohamad said this while acknowledging several challenges facing the implementation of the project, particularly the need to reclaim swampy land in the area.

First Grade A strata office in KL metropolis leads the way in work-leisure integration KUALA LUMPUR (Jan 17): The city recently welcomed another addition to its commercial skyline, The MET Corporate Towers (The MET) developed by Triterra.

The proposed RON95 petrol subsidy rationalisation — set to be implemented by mid-2025 as announced in Budget 2025 — could drive inflation higher, potentially prompting policymakers to act 'sooner than later', BMI said in a commentary note on Friday.