Tag: OPR Malaysia
-
Interest rate will go up further in Jan 2023
Maybank IB says that it’s possible for Bank Negara Malaysia (BNM) to increase the rate by another 25 basis points. It’s 0.25%. If we are thinking of buying a home or even paying for a mortgage currently, what’s the impact of this potential 0.25% rate increase? For a RM500,000 home and a 10% deposit, a…
-
Fixed Deposit rate will be higher now. Happy?
Okay, when our Bank Negara Malaysia (BNM) increased the Overnight Policy Rate (OPR), then the banks would adjust their lending rates as well. At the same time, depositors will also get higher returns too. BNM just increased our OPR by another 25 basis points which is 0.25%. Our new OPR would be 2.75%. The ceiling…