Bank Negara Malaysia (BNM) has announced a reduction in the Overnight Policy Rate (OPR) to 2.75%. The first cut in two years!
Kashif Ansari, CEO and Co-Founder, along with Daniel Ho, Co-Founder & Managing Director of Juwai IQI, have contributed their insights to the news articles mentioned below.
Bank Negara Malaysia's decision to keep the overnight policy rate (OPR) unchanged is expected to provide stability to the housing market.
This move indicates that consumers have become familiar…
Malaysia's economy expanded substantially in a year, supported by a rise in consumer spending that helped services and manufacturing rebound. This gave the central bank more room to concentrate on combating inflation.
According to Bank Negara Malaysia (BNM), gross domestic product expanded 8.9% in April-June from a year ago, beating the 7% median estimate in…
Check out this article to know more about the updated OPR for 2022!
What is the Overnight Policy Rate (OPR)?
As of May 6th, Bank Negara Malaysia has maintained the overnight policy rate (OPR) at 1.75%. Despite the impact of the COVID-19 pandemic, the central bank said the global economies continued…
Bank Negara Malaysia has announced enhancements to the RM1 billion Fund for Affordable Homes , which aims to help home buyers from the lower-income group to finance the purchase of their first homes.
The enhancement, which will take effect on 1 September 2019, involves the expansion of the eligibility criteria, as follows:…