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Malaysia Banking Institutions’ Base Lending Rate (BLR)

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Rates last refreshed on 20th Jan 2011.
Rates unchanged since 1st Oct 2010.
Source: www.bankinginfo.com.my

No. Banking Institution With Effect From BLR (% p.a.)
1 Affin Bank Berhad 13/07/2010 6.30
2 Alliance Bank Malaysia Berhad 13/07/2010 6.30
3 Alliance Islamic Bank Berhad 13/07/2010 6.30
4 AmBank (M) Berhad 13/07/2010 6.30
5 Bangkok Bank Berhad 14/07/2010 6.30
6 Bank of America Malaysia Berhad 13/07/2010 6.30
7 Bank of China (Malaysia) Berhad 14/07/2010 6.30
8 Bank of Tokyo-Mitsubishi UFJ (Malaysia) Berhad 14/07/2010 6.00
9 CIMB Bank Berhad 13/07/2010 6.30
10 Citibank Berhad 13/07/2010 6.30
11 Deutsche Bank (Malaysia) Berhad 15/07/2010 6.30
12 EON Bank Berhad 14/07/2010 6.30
13 Hong Leong Bank Berhad 14/07/2010 6.30
14 HSBC Bank Malaysia Berhad 13/07/2010 6.30
15 J.P. Morgan Chase Bank Berhad 15/07/2010 6.20
16 Malayan Banking Berhad 13/07/2010 6.30
17 OCBC Bank (Malaysia) Berhad 13/07/2010 6.30
18 Public Bank Berhad 13/07/2010 6.30
19 RHB Bank Berhad 13/07/2010 6.30
20 Standard Chartered Bank Malaysia Berhad 13/07/2010 6.30
21 The Bank of Nova Scotia Berhad 14/07/2010 6.30
22 The Royal Bank of Scotland Berhad 15/07/2010 6.00
23 United Overseas Bank (Malaysia) Berhad 13/07/2010 6.30

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Malaysia’s Base Lending Rate Latest Trend since 2003

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Malaysia Latest Base Lending Rate Trend since 2003

Source: Bank Negara's Monetary Policy Statements





Malaysia Base Lending Rate (BLR) History and Trend Chart Since 1976

Malaysia Historical Base Lending Rate Trend Chart

Click to Enlarge

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71 Comments »

  1. Could you please furnish me the details for the past 10 years BLR of the banks in Malaysia?Thank you

    Comment by Jesper — November 13, 2007 @ 2:46 pm

  2. Hi Jesper, I am afraid I do not have the archived Base Lending Rate of all the banks in Malaysia. You might need to check with the banks for that. Cheers!

    Comment by yowchuan — November 14, 2007 @ 10:01 am

  3. What is the past 15 years trend ( range from lowest to the highest? )of BLR in Malaysia?
    thank you

    Comment by Ryan — January 18, 2008 @ 4:04 pm

  4. hi!
    can anyone pls share me the past 10 or 15 yrs BLR trend in Malaysia?
    Appreciate that..Thanks!

    Comment by Wahida — January 24, 2008 @ 5:44 pm

  5. I am afraid I only have the latest rates. I believe the historical rates might be obtainable from Bank Negara’s archive.

    The following link will show you the Conventional Interbank Rates (CIR), in which our Fixed Deposit Rate and Base Lending Rates are derived from.

    BNM Statistics: http://www.bnm.gov.my/index.php?ch=12&pg;=622

    It can be used as a rough guideline on how the BLR would have been affected by the CIR.

    Comment by yowchuan — January 25, 2008 @ 11:27 am

  6. Refer to my 3rd post in the following link, hope that helps.

    http://realestate.net.my/forum/viewtopic.php?t=10154

    Best Regards.

    Comment by Tze — February 22, 2008 @ 2:09 pm

  7. I need past 3 years of fixed deposit rate in various bank of Malaysia.

    Comment by Audrey Lim — March 31, 2008 @ 7:27 am

  8. I need that latest base lending rate

    Comment by faezah — April 10, 2008 @ 6:08 am

  9. Kindly furnish me the BLR trends for the past 15 yrs.
    Thank you.

    Comment by Tan S.L — June 5, 2008 @ 12:26 am

  10. Could you please furnish me the details for the past 10 years BLR of the banks in Malaysia?Thank you

    Comment by Cheryl — June 9, 2008 @ 4:09 am

  11. appreciate if you could furnish the current BFR ‘Base Financing Rate’ for Islamic banking in Malaysia. TQ

    Comment by shaiful — July 13, 2008 @ 3:41 pm

  12. Check out BLR trends at http://www.bnm.gov.my/files/publication/msb/2008/5/pdf/4.1.pdf

    Comment by rafieq — July 21, 2008 @ 3:21 pm

  13. Thanks rafieq for the informative link. I’ve also udpated this page with the historical BLR rate since 1976.

    Hope it helps!

    Comment by yowchuan — September 2, 2008 @ 4:32 pm

  14. Hi thr,
    Just curious..do u guys think tht the BLR might go up?

    Comment by seetha — September 4, 2008 @ 12:11 am

  15. Hi Seetha, it was supposed to have gone up when Bank Negara was expected to raise the interest rate. However, it seems that Bank Negara has chose to maintain the interest rate at 3.5%, citing the current weakening economy a temporary crisis.

    If the economy is not stagflating and improving, the BLR could really well be maintained at 3.50% throughout the year.

    Comment by yowchuan — September 4, 2008 @ 6:21 am

  16. Thanks ;)
    what if the economy situation is not favourable in the coming months and next year…what kind of increase in rate can we expect? perhps there are some stdy being made by the BNM that u guys knw of?

    Comment by seetha — September 5, 2008 @ 6:08 am

  17. I think the best indicator right now is to look at the rising inflation.

    Here’s another piece of information which can tell you about where our economy is heading: http://www.meshio.com/2008/09/malaysia-economi-indicators-september-2008/

    Comment by yowchuan — September 5, 2008 @ 6:01 pm

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  27. can u pls give me any article on “market reaction towards changes of base lending rate” or any article related to that tittle pls. i need yr help and Could you please furnish me the details for the past 15 years BLR of the banks in Malaysia?Thank you

    Comment by sangeetadarwin — October 8, 2008 @ 11:10 am

  28. Economics recession now is happening, what will happen to Malaysia for BLR?

    Comment by sflim — October 9, 2008 @ 10:20 am

  29. I don't think Bank Negara will revise the rate until Q12009, despite the rising inflation.

    Comment by yowchuan — October 15, 2008 @ 1:43 pm

  30. im going to buy 1s house and will take variable loan rather than fixed loan…so will depend much on BLR rate…i hope BLR rate do not increase this moment

    Comment by imDavidLee — October 21, 2008 @ 5:50 pm

  31. Did any bank offer refinance for home loan & willing to pay for the lock-in's penalty for customer?

    Comment by WONG KIAN THENG — January 17, 2009 @ 10:17 pm

  32. BLR go down will affect property market price up?

    Comment by wendy wong — February 4, 2009 @ 2:56 pm

  33. hi wendy…i am not here to answer your question.just want to know you…haiya….dont be angry…io am ruben 27 m kl indian local.i am 187 cm tall.haha…..i work in DRB HICOM…life is boring i tell you…discussing abt blr, banks, all these….feel like escaping into the nature and never return,,,,,haha….so wendy, how old are you….what do you work as?i really want to know you for no reason…..haha…..ok…..if everyting its ok , just drop me a sms…will be waiting….0102110745….take care…..smile…..

    Comment by rubendra — February 5, 2009 @ 10:21 am

  34. everything is on the increase….materials for housing, food, living cost, toll . they dont spare us anything except our lives….malaysia is in a state where we cant predict what is down the road for us in the next few years to come.one thing they(the government forgot to increase) just one thing…..our salary! i think opposition should be given a chance to run this country……..in the next general election….

    Comment by rubendra — February 5, 2009 @ 10:28 am

  35. Hi, Allen here. How about BLR from 2002 – 2005? Thanks.

    Comment by Allen Loo — February 15, 2009 @ 2:41 pm

  36. Wong, most of the refinancing scheme that will help you in paying off the lock-in penalty fee would include the paid penalty fee in the refinanced loan amount. Unless you would really make a significant savings from the refinancing scheme, it's inadvisable to just look at the “Lock-in Penalty Fee Waiver” feature.

    It's also helpful to remember that once you refinance, you'll be locked-in for another 3-5 years.

    Comment by yowchuan — February 23, 2009 @ 1:06 am

  37. If only for speculative reasons!

    Comment by yowchuan — February 23, 2009 @ 1:06 am

  38. Can you plse keep me posted on the lasted BLR changes after the latest OPR cut announced by BNM on 24th Feb 09 by another 50 basis point to 2.00% plse.

    Thanks
    Vasanta

    Comment by vasanta — February 25, 2009 @ 9:24 am

  39. What is the latest BLR rate now?

    Comment by KY — February 25, 2009 @ 9:57 am

  40. now a days got a mortgage broker call one stop mortgage s/b, mayb u can leave a mess at their web site so their consultant will call u up.. their web site is http://www.osm.com.my

    Comment by chia — March 1, 2009 @ 11:41 am

  41. Hi,

    I just wanted to know about the difference between a bank that uses the cost of fund to price their loan interests and one that uses the BLR? What are the advantages or disadvantages of both methods?

    Comment by nagatsu83 — March 16, 2010 @ 11:01 am

  42. At the Monetary Policy Committee (MPC) meeting today, Bank Negara Malaysia decided to raise the Overnight Policy Rate (OPR) by 25 basis points to 2.50 percent. The floor and ceiling rates of the corridor for the OPR are correspondingly raised to 2.25 percent and 2.75 percent respectively.

    The global economy registered a stronger than expected recovery in the first quarter, underpinned by favourable growth performance in emerging market economies and some of the advanced economies. Policy initiatives and improvements in financial conditions have continued to support the economic recovery in many countries. While economic activity in the advanced economies has generally improved, growth in these economies is still expected to remain modest. Considerable uncertainties remain due to heightened concerns over the sovereign debt problems in Europe and the expected diminishing effects of fiscal policy support. In the emerging market economies, in particular Asia, growth is expected to be stronger, supported by robust domestic demand and increased intra-regional trade.

    In the domestic economy, the strong and broad-based growth of 10.1% in the first quarter affirms that economic recovery is firmly established. Going forward, growth will be supported by continued expansion in domestic demand and the improvement in external demand, especially from the region. However, despite this upside potential to growth, there are uncertainties arising from recent developments in the international financial and economic environment.

    Domestic inflation recorded a modest increase during the first quarter and will continue to experience a gradual rise during the year, in line with broad-based improvements in economic activity and taking into account possible adjustments in administered prices. Although external factors, including rising global commodity and food prices, may exert some additional upward pressure on domestic prices, overall inflation is expected to remain moderate in 2010.

    The MPC decided to adjust the OPR towards further normalisation of monetary conditions. At the new level of the OPR, the stance of monetary policy continues to remain accommodative and supportive of economic growth.

    Bank Negara Malaysia
    13 May 2010

    Comment by yowchuan — May 19, 2010 @ 1:25 am

  43. [...] low salary are some of the major issues facing by Malaysians. With the sudden increase of the BLR, Malaysians, tighten your seat [...]

    Pingback by Latest Base Lending Rate (BLR) effective May 2010 — May 22, 2010 @ 9:48 am

  44. 100% housing loan tanpa sebarang deposit atau wang pendahuluan.

    terbuka kepada semua warga negara malaysia :

    kepada sesiapa yang ingin membeli rumah tetapi tiada wang deposit 10% utuk dibayar kepada agent atau owner? EPF tidak mencukupi? ingin melabur dalam hartanah dan perumahan? ingin memiliki rumah tidak mampu?.

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    Comment by adi — June 7, 2010 @ 1:27 pm

  45. Hi all, seems like we have same concern on the increase of BLR rate. As you all know, the current BLR rate is already reached 6.05% and it is expected to increase more since our economic is stable.
    Do you all know about BLR management? I know a company which is helping people to maximize savings which reduced total loan repayment and shorten loan period. Feel free to contact me if you want to know more.

    Cheers.. =>

    Regards,
    Roey
    roeyjieaong@hotmail.com

    Comment by Roey Jiea Ong — June 7, 2010 @ 11:01 pm

  46. Bagi sesiapa yang ingin mengurangkan tempoh pembayaran rumah atau semua jenis hartanah anda sebanyak 50 peratus..n bayaran bulanan seperti biasa.. boleh hubungi terus En Nazri (0136914865)… di kawasan Johor n Melaka sahaja..

    Comment by Runner — June 8, 2010 @ 11:24 am

  47. Do you know you can slash half(50%) of the tenure and interest by paying the correct amount?here i will teach how?with the right methodology..99.9% accurated..please email to me your name,handphone number..new services BLR Management in malaysia. Or call me

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    Comment by sharudin yunos — June 11, 2010 @ 5:54 pm

  48. hi wahida

    just want to know if any one has given you the rates for the past 10-15yrs for sharing. thanks

    Comment by Chrisng555 — June 15, 2010 @ 11:44 am

  49. dear sharudin do you have the blr from 1999 to present? thanks chris

    Comment by Chrisng555 — June 15, 2010 @ 11:46 am

  50. I totally Agreed with you.Just Look at the Singapore Currency whose rise so significantly.Opposition should be giving a chance and if not I will leave this country.

    Comment by Lam — June 26, 2010 @ 3:38 pm

  51. Another 25 basis points increment to our OPR. This is the 3rd increment in the year 2010. The first increment was back in 4th March, whereby the rate was increased from 2.00 percent to 2.25 percent. The second increment was in 13th May 2010, where the rate was increased from 2.25 percent to 2.50 percent. On July 7th, the rate is now officially 2.75 percent.

    In just half a year, the OPR has been raised 0.75 percent. You might need to negotiate harder to get a better deal for your loans now.

    At the Monetary Policy Committee (MPC) meeting today, Bank Negara Malaysia decided to raise the Overnight Policy Rate (OPR) by 25 basis points to 2.75 percent. The floor and ceiling rates of the corridor for the OPR are correspondingly raised to 2.50 percent and 3.00 percent respectively.

    The global recovery has continued in the second quarter, supported by robust and broad-based growth in most emerging economies, in particular Asia , and a moderate recovery in the advanced economies. Nevertheless, volatility in the international financial markets has increased following concerns over the ongoing sovereign debt crisis in several advanced economies. These developments have raised uncertainties on the potential impact on the international financial system and the global economic activity. Going forward, while the assessment is for the global recovery to continue, there is increased risk that the global growth momentum could moderate.

    Read the full “Monetary Policy Statement” here.

    Comment by yowchuan — July 8, 2010 @ 10:27 pm

  52. Since beginning of 2010, Base Lending Rate (BLR) has increased 0.5% to 6.05% effective May 2010. As a result, borrowers have to pay additional 65 months of instalments, meaning their loans period has been extended by more than 5 years.
    According to the local authorities, it will increase another … See More+0.25% by second half of the year. Under such circumstances, do you think it will affect you and other properties owners in the market quite badly? Frankly, no one could escape from the effect of BLR increased, unless we are buying our properties without any borrowings. As a matter of fact, even the Rich will acquire properties with borrowings due to the limitations imposed by the local’s rules & regulations. Hence, as a borrower, as long as you are loaning from the lender, when BLR increase, your interest payable or your loan tenure will also increase substantially. The question now is what options do you have to curb with the circumstances? And most importantly, all lenders are Profit Organizations, do you think they can really help you? Now, if there is a way to help you and other property owners to reduce interest payable despite BLR increased, how many people in the market do you think would need this service? The good news is we could help you to reduce interest payable despite BLR increased by providing a 99% accuracy auditing onto your existing mortgage loans. Similar method already been used in Australia and United States over the years and Success is Guaranteed. Over there, when the borrowers have their loans approved, they will immediately go to subscribe the auditing program so that they could immediately enjoy the benefits. Such an auditing program is now available in Malaysia. The system is proven to be highly effective and the question now is whether are you aware about it? Now, just allocate one and the half hours of your time with us and we will show you HOW……for more inquiry email as to acescube2010@gmail.com or call as 010-5267484.

    Comment by Acescube2010 — July 17, 2010 @ 11:31 am

  53. Hi everyone, since we know this is the fact and we can't control when BLR is increased. So did you have any solutions to settle it? The answers is NO. If you can manage to save or shorten your repayment, why you still pay more and the outstanding balance is still the same? Did the bank officer answer your question? did u sactisfied what you are paying now?
    Recently i presented my services to my customer and the feedback is they even don't know how serious is it when BLR increased?? And they don't even bother how important is when BLR increased.

    AceScube77777

    Comment by C_nyethau — July 20, 2010 @ 12:40 pm

  54. Base Lending Rate (BLR) is a base interest rate calculated by financial institutions according to a formula which takes into account the institutions cost of funds and other administrative costs. Table below is the latest BLR published by commercial banks in Malaysia.

    Comment by Mortgagebank — August 3, 2010 @ 7:49 am

  55. Those who have taken conventional housing loan please email me at dan.curtis7@gmail.com, i want to reveal what banks have not telling you all these while about your loan. Also, i’ll give solution to cut your interest and repayment time in half or more. Not refinancing or remortgage. I have proven solution. Email me now with subject “BLR Management”. Thanks!

    Comment by Dan Curtis7 — October 6, 2010 @ 9:57 am

  56. if you are not happy then just leave this country

    Comment by f++kyou — November 1, 2010 @ 1:22 am

  57. nama dlm ctos buleh ka?

    Comment by Serangga88 — November 13, 2010 @ 4:51 pm

  58. Regards,

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    Comment by gerrard — December 9, 2010 @ 11:45 pm

  59. Please compared apple to apple and durian with durian… If u luv to stay n live in Spore, why not… give urself a chance!!! Malysian will not regret

    Comment by pangkin — December 11, 2010 @ 3:08 pm

  60. Do u ever think, what can you do to Malaysia.. Only mambling??? If u think opposition better, just mark them, ask u followers to do so… Dont talk to much… walk ur talk!!! By the way, we always never think what we have and aprreciate it until it gone…. However, Malaysia thru government has a lot work to improve all those things…. Nobody perfect, we have to help and critise help each other for the better

    Comment by sesuwei — December 11, 2010 @ 3:13 pm

  61. I partially agreed with you. Non of the country and leaders are perfect ! But pls do read and study where are we now. Malaysian leaders are walking backward. Why other country laugh at us, Malaysia Boleh !! ???? No !! All this big and malu case just covered like this !! No further action !! No improvement !! What is MACC ?? Malu lah !! If you can keep on cheating yourself, like nothing happen, go ahead ! Foreign investors all run to Vietnam, Cambodia, even Indonesia !! Why ?? Go and read, study baik baik then u know where are we now !!

    Comment by Wakeup — December 20, 2010 @ 6:27 am

  62. MIDF Research believes Bank Negara Malaysia might raise the Overnight Policy Rate (OPR) by 50 basis points to 75 basis points to 3.25-3.50 per cent in the second half of the year.

    In a research note today, it said the anticipated raise was premised on the view that BNM will lean on growth and unemployment in favor of inflation although the risk or higher inflation and lower growth have increased.

    “The cost-push inflation driven by supply-shocks tends to limit the effectiveness of the monetary policy, and raising OPR will weigh on households real income and hence will alleviate the risk of debt-servicing defaults,” it said.

    Furthermore, business investment will get hurt from declining profits, and it said the higher OPR will curtail business investment and employment.

    “Despite being a net oil exporter, the Malaysian economy is vulnerable to slower growth and high inflation flared by high crude oil prices.

    “If left unchecked, especially if BNM decides to leave its OPR unchanged at 2.75 per cent level, it will weaken the ringgit,” it said.

    Assuming the central bank will raise the rates, MIDF Research said it will also strengthen the ringgit, and at the same time sacrifice some level of export competitiveness to shield domestic consumers against imported inflation especially being a net importer of food which is vulnerable to surging oil prices.

    It expects OPR to be raised by 25 basis points in the first half, mainly to address the widening gap of real returns that will erode purchasing power if inflation continues to accelerate, and to avoid a situation of net capital outflow mainly due to capital inflow becoming less attractive as the ringgit weakens.

    Furthermore, it added the earlier hike will stem rising import cost especially food items since Malaysia is a net importer owing to the weakening ringgit.

    “Rising crude oil prices will have a direct impact on inflation and dampen domestic demand as well as economic growth from the erosion in real disposable income,” it added.

    Inflation is expected to kick-in through secondary effects namely transfer pricing from higher input costs on the supply side.

    MIDF Research added domestic risk is expected to rise as well, thus forcing foreign investors to be on the sideline and local players becoming increasingly cautious. — Bernama

    Comment by yowchuan — January 14, 2011 @ 12:10 pm

  63. The Overnight Policy Rate, the key benchmark interest rate, was kept at 2.75 per cent

    Bank Negara Malaysia (BNM) left borrowing costs unchanged yesterday as expected but warned it will have to manage the rising amount of money building up in the domestic financial system.

    The Overnight Policy Rate (OPR), the key benchmark interest rate, was kept at 2.75 per cent at the monetary policy committee’s first meeting for the year.

    The central bank said the level is consistent with its assessment of economic growth and inflation prospects.

    It was a market-anticipated move, which is expecting hiking cycle to start in its next March 11 meeting.

    Wu Kun Lung, economist with Credit Suisse, thinks BNM will be in no hurry to resume its rate hike and will only do so in the second half of the year.

    “In our view, output remains below pre-crisis level and demand-pull inflation is likely to stay low until the export sector recovers.”

    Standard Chartered Bank economist Alvin Liew said BNM did not prepare the market for more hikes but inflation was featured more prominently.

    He anticipates the OPR rising to 3.5 per cent by mid-2011, as inflation expectations are likely to rise with more economic activities, higher commodity prices and gradual subsidy cuts.

    The monetary policy committee said the large and volatile shifts in global liquidity are leading to a liquidity build-up in the domestic financial system.

    “While the liquidity in the financial system has been manageable, going forward, additional policy tools such as the statutory reserve requirement and macro-prudential lending measures may be considered to avoid the risks of macro economic and financial imbalances,” it said.

    BNM said in the Asian region, where growth has moderated amid weaker external demand, domestic economic activity continues to provide strong support to growth.

    “The region is also being affected by global inflationary pressures arising from the higher commodity and food prices.”

    The Malaysian economy, BNM said, is likely to grow at a steady pace in 2011, underpinned by continued firm expansion in the domestic demand amid more moderate external demand.

    As for inflation, it said, the rise to 2.2 per cent in December was mainly on higher food and energy prices.

    “Prices are expected to increase at a modest pace in the coming months, driven primarily by rising global commodity and food prices.

    “Inflation will continue to be driven by supply factors with limited evidence of excess demand exerting pressure on prices,” BNM added.

    Credit Suisse’s Wu said if oil prices were to rise further, the government may hike fuel prices more frequently to reduce subsidy costs.

    “We estimate that if the government were to liberalise fuel prices at the current prices of around US$90 (RM274.50) per barrel, it would add about 1.5 per cent to 2 per cent to headline inflation, bringing year-on-year inflation to 4 per cent or more.

    “Another way to reduce cost of subsidy is to allow further ringgit appreciation. If growth momentum gradually picks up in coming months as we expect, BNM might feel more comfortable in letting the currency appreciate further,” Wu added.

    Source: Business Times

    Comment by yowchuan — January 29, 2011 @ 7:56 am

  64. The Overnight Policy Rate, the key benchmark interest rate, was kept at 2.75 per cent

    Bank Negara Malaysia (BNM) left borrowing costs unchanged yesterday as expected but warned it will have to manage the rising amount of money building up in the domestic financial system.

    The Overnight Policy Rate (OPR), the key benchmark interest rate, was kept at 2.75 per cent at the monetary policy committee’s first meeting for the year.

    The central bank said the level is consistent with its assessment of economic growth and inflation prospects.

    It was a market-anticipated move, which is expecting hiking cycle to start in its next March 11 meeting.

    Wu Kun Lung, economist with Credit Suisse, thinks BNM will be in no hurry to resume its rate hike and will only do so in the second half of the year.

    “In our view, output remains below pre-crisis level and demand-pull inflation is likely to stay low until the export sector recovers.”

    Standard Chartered Bank economist Alvin Liew said BNM did not prepare the market for more hikes but inflation was featured more prominently.

    He anticipates the OPR rising to 3.5 per cent by mid-2011, as inflation expectations are likely to rise with more economic activities, higher commodity prices and gradual subsidy cuts.

    The monetary policy committee said the large and volatile shifts in global liquidity are leading to a liquidity build-up in the domestic financial system.

    “While the liquidity in the financial system has been manageable, going forward, additional policy tools such as the statutory reserve requirement and macro-prudential lending measures may be considered to avoid the risks of macro economic and financial imbalances,” it said.

    BNM said in the Asian region, where growth has moderated amid weaker external demand, domestic economic activity continues to provide strong support to growth.

    “The region is also being affected by global inflationary pressures arising from the higher commodity and food prices.”

    The Malaysian economy, BNM said, is likely to grow at a steady pace in 2011, underpinned by continued firm expansion in the domestic demand amid more moderate external demand.

    As for inflation, it said, the rise to 2.2 per cent in December was mainly on higher food and energy prices.

    “Prices are expected to increase at a modest pace in the coming months, driven primarily by rising global commodity and food prices.

    “Inflation will continue to be driven by supply factors with limited evidence of excess demand exerting pressure on prices,” BNM added.

    Credit Suisse’s Wu said if oil prices were to rise further, the government may hike fuel prices more frequently to reduce subsidy costs.

    “We estimate that if the government were to liberalise fuel prices at the current prices of around US$90 (RM274.50) per barrel, it would add about 1.5 per cent to 2 per cent to headline inflation, bringing year-on-year inflation to 4 per cent or more.

    “Another way to reduce cost of subsidy is to allow further ringgit appreciation. If growth momentum gradually picks up in coming months as we expect, BNM might feel more comfortable in letting the currency appreciate further,” Wu added.

    Source: Business Times

    Comment by yowchuan — January 29, 2011 @ 7:56 am

  65. The decision to raise the statutory reserve requirement is to manage the risk of excess liquidity from large shifts in capital flows into the Asian region

    As expected, Bank Negara Malaysia (BNM) left borrowing costs unchanged at 2.75 per cent yesterday but raised the amount of money banks must keep at the central bank.

    Starting in April, the statutory reserve requirement (SRR) will be doubled to 2 per cent.

    It said that the decision to raise the SRR was to manage the risk of excess liquidity from large shifts in capital flows into the Asian region which would result in financial and macroeconomic imbalances.

    In the case of Malaysia, the assessment is that the rise in liquidity in the domestic financial system has thus far been well-managed.

    BNM also said the SRR is an instrument to manage liquidity and not a signal on the stance of monetary policy like the Overnight Policy Rate (OPR).

    The SRR ratio was cut to 1 per cent in March 2009 from as high as 4 per cent in October 2008.

    In its analysis of the domestic economy, the Monetary Policy Committee said there is growth in private consumption as well as business spending activities despite modest growth in exports.

    While growth is expected to be moderate in the earlier part of the year, it is likely to improve during the course of the year, driven by strong expansion in domestic demand, led by private consumption.

    “Private investment is also projected to strengthen, underpinned by the improving outlook for the domestic economy and further expansion of new growth industries.”

    HSBC Bank said BNM appears to be upbeat on domestic growth prospects.

    “Even if external demand may still be relatively lacklustre in its view, the domestic side of things appears to be giving the central bank much comfort,” remarked economists Wellian Wiranto and Namrata Mittal.

    “With today’s statement, it is quite clear that some form of response is coming fairly soon in the form of rate hikes … not because of oil in and of its own, but due to uptick in demand to show how comfortable it is with domestic demand growth.”

    Inflation is not as urgent an issue here as elsewhere, but BNM is already hinting at the possibility of re-hiking again soon, shifting focus towards demand-pull forces.

    Bank of America Merrill Lynch economist Dr Chua Hak Bin expects the central bank to begin tightening from the next monetary policy meeting in May, when inflation climbs above 3 per cent.

    “Another round of fuel price hikes may occur sooner to contain escalating fuel subsidy costs.”

    Chua also expects BNM to continue normalising the SRR, bringing the rate to 4 per cent by the year-end.

    Bank of America Merrill Lynch expects a 50 basis points rate rise for the OPR this year to 3.25 per cent.

    Business Times

    Comment by yowchuan — March 12, 2011 @ 4:41 am

  66. Please visit Bank Negara website under the statistics tab and go for the monthly statistical bulletin . It got from year 1980. Hopes it helps. ;P

    Comment by nimput — March 28, 2011 @ 3:09 am

  67. Brunei govern their country better. They build houses to kampung air people without interest. That’s what we call good governance. 

    Comment by Farix10 — May 21, 2011 @ 12:21 am

  68. Not sure what is the standard rate for higher purchase .. mm ..

    Comment by faktur — May 26, 2011 @ 7:28 am

  69. hello everyone, if you want to finish pay off your mortgage loan faster, go to the webpage http://freemortgageacceleration.blogspot.com and e-mail to them. No need to pay…. absolutely free unlike those sharks out there. read it and you’ll see…..

    Comment by Bkpermai — July 1, 2011 @ 9:51 am

  70. An increase of BLR in result of the increases OPR. OPR is of the interest rates tools used by BNM to balance the financial system. it is one of the monetary policy tools to help BNM to manage overflow of money supply that will reduce the value of the currency, to control  the inflation, avoid prices from rising to fast and too much that could create asset bubbles, and to keep economic growth on track.  Banks used OPR as reference rate to set their interest rates in fixed deposits, BLR, foreign exchange rates and many more. 

    Comment by my name is Tia — July 16, 2011 @ 8:14 pm

  71. I can deliver leased instruments to Organisations or individuals with their preferred text verbiage as been approved by their bankers. We also offer sales option to interested buyers. Our terms and procedures are so flexible and workable by RWA clients. Our lease rate is (5.5+0.5)%+x%. X% IS Lessee broker’s Commission and he determines his commission.  Also we have facilities to discount BG and Put you into PPP Trading.

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    Comment by besik — April 9, 2012 @ 8:12 pm

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