Anyone have any idea why there is no changes or movement yet in 2012?

This post has been edited by tiongkeat: Jun 13 2012, 11:14 AM

election gua...

if election should decrease to 5.0% ma

free interest for ur housing loan, good?
should give us BLR-6.6%

BLR is very related to our economy. election or not doesnt matter.

no news is good news, no?

dont dream le.. even PKR take over maalysia also impossible free interest lol

---

Added on June 13, 2012, 11:30 amhaha i want it drop ma lolz

This post has been edited by tiongkeat: Jun 13 2012, 11:30 AM

Agreed . I guess blr will drop to 6.0 to 6.3 .

boss let me dream for 1 minutes also cannot meh...

ok lo my big boss.. haha wait till the day u become malaysia PM, everything is free for u

if BLR drop, mean our country is in very bad situation. and our Ringgit value will drop.

lolz, is that mean u wish our BLR increase ? hehehe
too bad la u.. increase 0.1 % also increase in monthly replayment

coz of election so government wont really change the BLR but after that i believe will definitely got some changes...
just my POV...DONT SHOOT ME

---

Added on June 13, 2012, 11:37 amtaikor, dont 'zha' him la

This post has been edited by dino10chels: Jun 13 2012, 11:37 AM

leng zai nobody shoot u la.. haha
maybe u got your point
possible

i just wish our BLR is at normal level.

you oredi got the best ever packages once in a life time in Malaysia (-2.0 to -2.4) , so should syukur. LOL...

if we just pay 2% for 30 years than is consider good lor

the moment u applied mortgage loan, u should expect blr rate is fluctuate.

if your salary ngam ngam can support current rate, then if next year blr increase like year 1998, then you can lelong your house already.

sorry la bro, i should let you keep on dreaming 1st then only reply..

even if BLR drops... need to see OPR also

my RHB offer letter says that OPR vs BLR difference must maintained at 3.5% .... while Maybank only 2%

Currently OPR 3.0%, BLR 6.6% = 3.6% difference..

If BLR drops to 6.3%, RHB offer doesn't seems to benefit me.. as it is considered as only BLR 6.5%

No wonder RHB gives -2.4% so easily....

This post has been edited by davidlow7: Jun 13 2012, 11:53 AM

maybe i should wait after election

what is OPR, i nv see any in my offer lettr

+1. If anyone understand better about economy, they wont relate any of this with election/political party..doesnt make sense at all

If bLR drops then more speculation in the market, if BLR increase many people will suffer to repay their loan

usually BLR follow OPR. BNM change the OPR and not BLR. Once OPR changed, the bank will reflect it on BLR. whenever that happen, not all the bank will change their BLR instantly. they will take some times to make such adjustment.

whenever there is adjustment with BLR, not necessarily there is affect on MOnthly Installment. If the bank increase the monthly installment, you can write in to the bank to stick back to Currently Installment. The only different is Tenure will increase. Based on my last loan, when the BLR change, it did not reflect my Monthly Installment. I still pay the same amount. but behind it, i already know my tenure will be longer. i'm not sure about the TnC now.

another case i experience is, under construction property, the bank will NOT state in the Monthly Installment. Instead, i received a letter from bank stating on the commencement date and amount for the installment.

IF OPR drop, then only BLR will drop.
BUT if OPR drop too until too low, people will borrow $ here to deposit in other cuntry to earn interest.
That will cause problem to us.

current administration style is wait, wait , wait .... "cant afford to make even 1 mistake" mah...

I kinda a bit disagree what you believe. Yes, the rate is all about economy... But in case it really need to increase, the gov still can sacrifice to hold it back for a couple of months if they really want to do it. After all, they are the one who will announce it, and not us or banks...

BLR - OPR - Economic Policy
Normal for not increase neither decrease, means that the current rate is a fair rate to support and not dampen MY finance industry (Core) and economic (inflation for instance)

Overnight Rate Policy set by Bank Negara.

You can google it.

I think all Banks should have that clause to safeguard themselves, you should check...

OPR is related to our economy and set by BNM. OPR will affect BLR, FD rate, exchange rates and long term interest rates. And yes, the changes are based on the country's ecconomy.

Kudos Ming Yew!

not all banks have the same clause implemented so as to vary themselves and make themselves attractive. this is why one should investigate for the best offer before signing

This post has been edited by ebackbone: Jun 13 2012, 01:04 PM

Overnight parking rate

...just kidding

OPR is decided by BNM, not gov.

Also with Euro debt crisis, worldwide economy generally slowing down across, inflation pressure temporarily is not serious, there is little need or urgency for BNM to increase OPR, unless inflation pressure comes back again.

At 3%, Malaysia is one of highest interest rate worldwide across, even Australia, a country previous famous for high interest rate, now only 3.5%.

OPR is about BNM decision which is based on economy needs and condition.

Yalor...what Malaysia lending rate so high, if compare to another coutry...??

http://www.nabasia.com/0,,87877,00.html

The differentiate between OPR and BLR is high, aka we have around 3.x% profit margin for the bank.

Too low rate is not good either, it fuels speculation property as well, which may prompt for bubble forming and if burst, consequence can be even worst. Look at real estate bubble that burst in other country which cause so many problem around and could drag the economy for years and decade
With at current interest rate, property price already escalating so drastically, if lower rate, I cannot imagine.

Also with too low rate, it fuels inflation as well, we have been facing some problem in inflation for the past few years, many people also complain inflation has been pressuring people until "cannot breath", if too low rate and fuel the inflation, the situation can be worst as well.

Yes..thats when you are wrong ..No offence.Its all control by BNM. Not BN/PKR/PAS/DAP/ government. Thats why they said the most 'powerful' man in the world is Ben Bernanke, not Obama

Well.. In Malaysia, you have to know who is having the power. In USA, things different..
I may not 100% correct, but I still reserve my believe on who actually in charge in Malaysia tho.. Hehe..

It is just like if you believe that MACC & SPRM really an independent and no one can affect this party?

This post has been edited by JustNobody: Jun 13 2012, 05:28 PM

+1...BNM also need to see other people's "face colour"...u dont believe?

Because Zeti says so.

I believe all banks should have that clause but only it is a matter of difference in value was what I meant.

Currently RHB @ 3.5%, Maybank @ 2%, I am not sure about other banks thou

Cheers

Yes..those 2 we all also know who in charge (same goes the rest I guess). But BNM is different..Especially on monetary policy, nothing above Zeti. How confident I am? Because my HM works there and attend every single MPC meeting there is.

BNM is under MOF, ie Zeti reports to Najib. The governor advises the Finance Minister on the policies, but it is the Minister who makes the final decision. Governor is the government servant just like IGP and AG who carry out daily operational jobs. But the government of the day decides the overall policies, including setting interest rates

If Anuar becomes the PM and Zeti doesnt carry out his instruction, he can fire her

My Economics 101 I studied in uni tells me the government makes fiscal and monetory policies to stimulate the economy. Fiscal policy = Budget. Monetary policy = interest rates, QE1,2,3, forex etc

This post has been edited by EddyLB: Jun 13 2012, 09:29 PM

Exactly..Governor advice the government. So if you were advice by the expert, "you need to execute policy A in order to have better sustainable economic growth which in turn will make your government popular, which directly translate to longer power ship.. " you want to reverse that policy??..Thats my point. Thats why when OPR where increase to curb inflation, although its not a popular decision, government still follow the expert because they know its the right thing to do..at the end..Zeti control.

Yes although I dont deny in rare cases there was a policy reverse by gov. after being tabled.mainly for short-term benefit of certain quarter

Read more: Zeti hints at no cut in interest rate
http://www.btimes.com.my/Current_News/BTIM...l#ixzz1xgVuLavF

Bank Negara Malaysia (BNM) Governor, Tan Sri Dr Zeti Akhtar Aziz, has hinted at Malaysia not cutting interest rate at the next Monetary Policy Committee (MPC) meeting as domestic demand is strong and robust, unless the export growth declines sharply.

Zeti said BNM would monitor the conditions closely.

She said currently, the country's domestic demand was still strong and robust and trade has been affected by the developments in Europe.

"So, we really have to balance it because domestic demand, comprising consumption growing at seven per cent, investment of over 10 per cent and loan growth, is still robust and strong.

All these factors will be taken into consideration.

"This is positive for us going forward and it is likely the growth will be in the range of four to five per cent unless the export growth continues to be affected sharply by the development around the world," she told reporters after delivering a keynote address at the Financial Institution Directors Education Forum today.

Zeti said this when asked whether Malaysia's interest rate regime would be affected if Greece were to exit the eurozone.
Greece will hold elections on June 17 which could decide its future in the eurozone.

BNM kept the benchmark overnight policy rate unchanged at three per cent for the sixth time at the MPC meeting on May 11.

The next meeting is scheduled on July 5, 2012.

Malaysia's exports in April 2012 dipped slightly to RM57.74 billion from RM57.8 billion a year ago, weighed down by slower growth in the major economies and Europe's debt crisis. -- BERNAMA

Just for discussion sake....if Anwar becomes the PM, and wants Zeti to carry out some populist policies which go against what Zeti thinks is right, what will happen ?

Yes for discussion sake only..I think she would resign and replace by another "expert". the choice of who gonna be in the hot seat, will be crucial to any political party, because people will see..So if let say DSAI put Azmin Ali for example because he can execute his populist policies rather than the 'make sense' one..then confirm hes bloody stupid...

Although Azmin Ali being Governor I admit is an extreme case..hahaha

So the cycle will continue..expert policy marker, to be replace by another expert policy marker, to be replace by another policy marker...until they got tired and remove the post and all policies will be under direct discretion of FM , then yes we can say Gov control the policies..

economics just not my stuff...

go on with the comment guys.
try to absorb this things..

Yes, I agree Zeti will resign too. And will be replaced by Anwar's people (let's say Azmin). Azmin will execute what Anwar instructs him to do. So, essentially, monetary policies are part and parcel of the government's policy. Ie BNM = Government. Zeti cannot go against what the Finance Minister wants her to do

If Zeti is thick skin and refused to resign (for whatever other reasons) and go against Anwar's policy, Anwar cannot just directly announce she is fired. She is entitled to serve out his tenure because she is appointed by the Agong under the Central Bank of Malaysia Act 2009, and not the PM or Finance Minister. But Anwar is having control of the Parliament, which he can table amendments to the Act and give power of appointment back to PM. So, at the end, he can still fire Zeti, albeit longer process.

Let's not debate on whether the government or the BNM's expert policy is good for the country and the economy. But if a government agencies (police, attorney general, auditor general, TNB etc) does not follow the instruction of the government of the day, then the government cannot function properly. It is not good for the country

I think the discussion is going towards on politics speculating... we should exclude that

Let's just hope the OPR does not affect my housing loan. That's what I ask for....

This post has been edited by davidlow7: Jun 14 2012, 12:09 AM

Could be go down

hopefully not, increases speculation and higher inflation.
i have loans too. But for the future generation we need to control the speculative elements of property market.

should lower down la....reduce our burden and more internal needs

As long as no increment then im ok with it

Will u guy think that BLR-2.4% might go further down to -2.5%?

I have that thinking because majority of the bank housing loan offer rate are between -2.3% to -2.4%. i.e historical low. If they compete for biz due to the stringent loan approval(base on net income), then the rate might go further down to -2.5%.

What is your opinion?

Then, buy more now for your next generation

IMHO, A little reduce, it wouldn't make much speculation (RPGT and 3rd prop 70% cap is still the key one),
rather, it helps first time buyers lock the best rate and those who are owning house can thus shorter the loan tenure