Tag: Bank Negara cut rates second time in 2020
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Rejoice or Despair? Rates are cut to lowest in 10 years. (almost)
I should be happy with another rate cut from our Bank Negara Malaysia (BNM). Another cut of 25 basis points or 0.25%. Home owners should be happy. 25 basis point for a RM500,000 loan is a reduction (savings) of RM67 for that home owner. The higher the loan, the higher the savings. The lower the…