Tag: Is Malaysia interest rate lower
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Yeah! Lower mortgage rates. Oops… Lower FD rates too… What happened?
It’s just been announced. Here’s the Bank Negara Malaysia (BNM) website for the full announcement. Briefly, these are what BNM is saying with this reduction in Overnight Policy Rate (OPR). Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to reduce the Overnight Policy Rate (OPR) to 2.75 percent. The ceiling and floor rates of…