Jul 9 2010, 04:00 AM
QUOTE(eric.tangps @ Jul 8 2010, 11:33 PM)
Great news :
Bank Negara Malaysia has decided to raise the overnight policy rate (OPR) by 25 basis points to 2.75 per cent.
The floor and ceiling rates of the OPR corridor are correspondingly raised to 2.50 per cent and 3.00 per cent respectively, the central bank said in a statement today.
"The Monetary Policy Committee considers the new level of the OPR to be appropriate and consistent with the current assessment of the growth and inflation prospects," Bank Negara said.
"The stance of monetary policy continues to remain accommodative and supportive of economic growth," it said.
Read more: OPR up 25 basis points to 2.75pc http://www.nst.com.my/nst/articles/OPRup25.../#ixzz0t6b4UA97
Expect : FD up.. BLR up.. HP Interest Rate up...
i beg to differ, when the data facts of double dip is coming, by raising interest rates ....this seems a bit rushing consumers for more immediate commitments; i suspect if double dip really happens.....all the blr , opr would come down again....so if you are not in a hurry sit back n watch what happens...Bank Negara Malaysia has decided to raise the overnight policy rate (OPR) by 25 basis points to 2.75 per cent.
The floor and ceiling rates of the OPR corridor are correspondingly raised to 2.50 per cent and 3.00 per cent respectively, the central bank said in a statement today.
"The Monetary Policy Committee considers the new level of the OPR to be appropriate and consistent with the current assessment of the growth and inflation prospects," Bank Negara said.
"The stance of monetary policy continues to remain accommodative and supportive of economic growth," it said.
Read more: OPR up 25 basis points to 2.75pc http://www.nst.com.my/nst/articles/OPRup25.../#ixzz0t6b4UA97
Expect : FD up.. BLR up.. HP Interest Rate up...
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