PETALING JAYA: Interest rates on car loans have increased by an average of 0.25 percentage point for national cars and 0.7 percentage point for non-national makes since the overnight policy rate — the benchmark interest rate which determines banks’ lending rates — was revised upwards by 25 basis points to 2.25% [...]
KUALA LUMPUR: HSBC Holdings plc senior Asian economist Robert Prior-Wandesforde expects Malaysia’s gross domestic product (GDP) to expand 7.3% this year on rising exports fuelled by higher commodity prices and domestic demand. His forecast for 2010 was revised from the 6.8% made last year and higher than Bank Negara’s forecast of [...]
KUALA LUMPUR: OCBC Bank expects two rounds of interest rate hike, each by 25 basis points, in the remaining nine months of this year, bringing the overnight policy rate to 2.75%.On March 3, Bank Negara raised interest rates by 25 basis points to 2.25%, the first since November 2005. “We don’t think [...]
BANK Negara’s decision to raise the overnight policy rate (OPR) by 25 basis points on March 4 must have jolted many people out of their slumber into realising that the days of low lending rates may be numbered. While some Malaysians, especially those who are risk-averse and prefer to keep their savings [...]
KUALA LUMPUR: Standard Chartered Bank Malaysia Bhd has forecast the overnight policy rate (OPR) to gradually increase to 2.75 per cent by mid-2010, said managing director and chief executive officer Osman Morad. Currently, interest rates stood at two per cent. “We foresee a gradual rise in interest rates starting from the end of the first quarter this [...]
Rates last refreshed on 27th January 2010. Source: www.bankinginfo.com.my
No. Banking Institution With Effect From BLR (% p.a.)
1 Affin Bank Berhad 02/03/2009 5.50
2 Alliance Bank Malaysia Berhad 02/03/2009 5.55
3 AmBank (M) Berhad 10/03/2009 5.55
4 Bangkok Bank Berhad 06/03/2009 5.55
5 Bank of America Malaysia Berhad 01/03/2009 5.55
6 Bank of China (Malaysia) Berhad 03/03/2009 5.55
7 Bank of Tokyo-Mitsubishi UFJ (Malaysia) Berhad 06/03/2009 5.25
8 CIMB Bank Berhad 02/03/2009 5.55
9 Citibank Berhad 10/03/2009 5.60
10 Deutsche Bank (Malaysia) Berhad 03/03/2009 5.55
11 EON Bank Berhad 10/03/2009 5.55
12 Hong Leong Bank Berhad 03/03/2009 5.55
13 HSBC Bank Malaysia Berhad 02/03/2009 5.55
14 J.P. Morgan Chase Bank Berhad 03/03/2009 5.25
15 Malayan Banking Berhad 03/03/2009 5.55
16 OCBC [...]
Saturday January 30, 2010 By CECILIA KOK KUALA LUMPUR: Bank Negara’s move to potentially raise interest rates in the near future should be viewed as a “normalisation” process, rather than an act of “tightening” monetary policy, said governor Tan Sri Dr Zeti Akhtar Aziz. She emphasised the need for the markets to make a distinction between normalisation and [...]
PETALING JAYA: Benchmark interest rates are set to gradually rise by 25 to 75 basis points before year-end after Bank Negara signalled its readiness to normalise interest rates in due course as a pre-emptive move to prevent the build-up of financial imbalances, say economists. RAM Holdings Bhd chief economist Dr Yeah Kim Leng said although the [...]
PETALING JAYA: Financial institutions, in particular banks, have in general agreed to raise mortgage lending yields, which will have an impact of increasing their net interest margins (NIMs). An analyst with OSK Research said banks with strong mortgage lending growth would be the key beneficiaries, while the eventual increase in benchmark interest rates would benefit all [...]
PETALING JAYA: Potential house buyers are still wary about making property purchases despite lower mortgage rates as the economic outlook remains uncertain, analysts said. Average mortgage rates have fallen to about 3.5%, but at the same time banks have been more stringent on the approval of loans. The average mortgage rate is obtained from base lending [...]
