Tag: Higher interest rates in 2014
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Buying property? Higher interest rates in 2014
Many experts / bank analysts are expecting the BNM (Bank Negara Malaysia) to revise upwards the OPR (overnight policy rate) by 0.25%. Typically this meant that the interest you pay for mortgage would go up by similar figure. Some say as soon as Q1, some say Q2. This is unavoidable due to inflationary pressures. As…