Following today’s monetary policy committee (MPC) meeting, Bank Negara Malaysia (BNM) has decided to maintain the overnight policy rate (OPR) at 3%. The 3% OPR has been the same since May 2023 when it was increased by 25 basis points from 2.75%.
Car loans are affected by the OPR, with higher rates resulting in hire purchase loans becoming more expensive and potentially harder to gain approval. This will have an impact on car sales. So this should be good news for the MAA.
According to BNM, the OPR level is in line with the health of the economy and remains supportive of growth while keeping inflation in check. The BNM MPC meets to make OPR decisions every two months.
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Malaysia elok dohhh
fuh if big news, pautan (pun intended) from the man himself lol
should have increase it to 3.25%. the market can still take it.
Sure or not? Seems like majority can’t take it, with high monthly debts of credit cards personal loans they are known as moonlighting race
After upping SST and angering all the rakyats they still dare to up OPR ke?
my house loan in elite area is still maintain at 3k permonth, syukurr