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 [...]
At the Monetary Policy Committee (MPC) meeting today, Bank Negara Malaysia decided to raise the Overnight Policy Rate (OPR) to 2.25 percent. The floor and ceiling rates of the corridor for the OPR are correspondingly raised to 2 percent and 2.50 percent respectively. The recovery in the [...]
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 [...]
