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…
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…