Rate Cut Not a Fix for Rising Costs

Rate cut not a fix for rising costs

PETALING JAYA: Homeowners are welcoming the Overnight Policy Rate (OPR) cut and the reduced interest it would bring to their housing loans, but they believe that it would only serve as a limited relief to the rising cost of living. Read full story

Bank Negara reduces OPR to 2.75% after July 2025 meeting – hire purchase rates likely to be reduced

The overnight policy rate (OPR) has remained at 3% ever since it was increased from 2.75% following Bank Negara Malaysia’s (BNM) monetary policy committee (MPC) meeting held on May 3, 2023. Since then, the OPR has stayed at 3% after 12 MPC meetings, but that changed yesterday when the country’s central bank announced that the OPR would be reduced by 25 basis points to 2.75%. The OPR affects bank loans, as the lower it is set, the less expensive …

Economists split on further OPR cuts in 2025 as BNM turns dovish

Australia and New Zealand Banking Group (ANZ Research) in a note said BNM has historically only made back-to-back cuts during major shocks such as the...

BNM makes pre-emptive OPR cut to safeguard growth amid global ...