KUALA LUMPUR: Banks have begun raising their base lending rates (BLRs) following Bank Negara’s move to lift the overnight policy rate (OPR) by 25 basis points last week. Five of the largest banks in the country raised their BLR to 5.8%. Malayan Banking Bhd (Maybank) and CIMB Bank Bhd were the first [...]
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 [...]
By LAALITHA HUNT, Tuesday November 3, 2009 PETALING JAYA: Average lending rates are on an uptick with banks possibly positioning themselves for a gradual increase in the rates for their long-term loans. The monthly statistical bulletin released by Bank Negara for September showed that average lending rate (ALR) was 4.91% compared with 4.9% in August and 4.96% [...]
