please comment, and do justify your claim, thanks

maintain maybe

maintain at least till the second quarter...

spoke to few bankers yesterday about this issue...

few of the bankers says, economy is still recovering, just recovering actually, so there's no way Bank Negara gonna kill the market by increasing the BLR...

property investments is on all time high list largely due to low interest...it needs to be maintained that way..

one of the banker says,
in contrast, if one looks at comparison between FD rates & housing loan rates, its not huge difference. one banker claims that bank couldn't make substantial profits becos of the FD vs Housing Loan interest. his take is, yes, BLR will be increased, so banks can make their profits...

so, make ur own conclusion...

Yea, now BLR is much lower compared to last time, hopefully Bank Negara will not increase it too soon

It will definitely go up eventually but NOT so soon, maybe another year. Definitely won't go down anymore

i heard from cimb bank ttdi, jln burhanuddin helmi
blr will increase to 5.75 on q3 this yr or july 2010

Bank used to give BLR - 2.2 to 2.4
now only BLR - 1.8 or lesser

If BLR increase, Bank will make more

We have been talking so much on BLR, what about OPR? if there is some movement in OPR set by BN, BLR usually suit follow..

Are we talking about BLR movement by itself or as a reflect of OPR?

BLR will be revised if OPR is revised also..decision on OPR is reviewed about 6 times per year...

sorry...can anyone give a brief explanation what is OPR?

Overnight Policy Rate... it all started from OPR that set by Bank Negara and then BLR rate usually follows.. Current OPR 2%..

for sure will increase. very soon.

Depend on external and internal factors.

Observe the CPI data released, and oso the trend of key interest rate for the rest of the world.

Aust and Norway oledi led the pack by increasing their key rate in 2009, both are highly efficient, resource rich, developed country. When more and more country increase the rate, esp US, Zeti need to follow or else ringgit will be deflated.........

and for CPI. now gula oledi up, roti oso, and i think all the roti canai, naan, roti ape ape oso will follow, crude oil oso steadily higher, electricity oso soon, so once the CPI start going up, BNM OPR need to increased.

We (the whole world) are at the lowest regime of key interest rate, the onli direction can move is up.

I'm a newbie and I've got a question. If say i've bought a house with the current BLR of 5.5% and if it does increase, do I need to pay based on the new rate or the 5.5%?

u might not like to hear the answer, because the answer is yes, u need to pay the increased rate, not at 5.55%

+1

yea guessed so. do banks usually increase their BLR discount also?

Again, this could be another unfavorable answer to you... the BLR discount rate will remain the same. In other words, you will have to pay more after BLR is increased. However, from time to time, you can request the bank to revise the rate provided you package is way too high as compare to current market and it's on the bank's discretion to approve your request.

agree