CIMB Principal expects OPR to rise 25 bps by July or Sept

CIMB-Principal Asset Management Bhd is expecting Malaysia's Overnight Policy Rate (OPR) to be raised by about 25 basis points (bps) by July or September.

Speaking to the media during a briefing, Head of Fixed Income for the ASEAN region Wong Loke Chin said the market had already priced in the potential hike.

"The market is looking at a potential hike of between 25 to 50 basis points in the second half of this year - moving the OPR rates up to 3.25% to 3.5%."

"We are looking at the yield curve to remain flat with more demand on the longer end following the potential rate hike," he said.

FD best rate is RHB is it now? 5%?

FD best rate is RHB is it now? 5%?

I am hoping that it is July, the earlier the better. 

More "profit" for u guys out there 

Was in UOB today. Got banker's cheque at RM0.15 as usual. Spent 50 minutes today as opposed to last week of about 12 minutes due to more people in the bank today. 

Decided to move the FD to Citibank for 1 month at 2.8%. This gives me flexibility to issue cheque and move the FD to any bank that have FD promotion in July or August (instead of UOB). 

Ya, today I placed FD for 1 month, hoping for OPR change in July. But also have 2 other FD's at 3 months. Laying down "mines" at 1 month and 3 months interval. Lets see which one hits GOLD !   

Yes, 2 weeks ago, I paid RM 0.15 for an UOB banker's check.

Top Goat, if you need more flexibility to deposit and withdraw your money while enjoying
attractive interest rate in a saving account, you can consider Affin saving account:

http://www.affinbank.com.my/General/Rates/...rest-Rates.aspx

Or Affin Gold saving account to get better interest rate:
http://www.affinbank.com.my/Consumer-Banki.../AFFINGOLD.aspx

Interest calculates in daily basis, and it will credit into saving account during the last day
of the month.

But it will cost RM 5.00 or RM 5.15 for a banker's check from Affin saving account.

Those who are getting RM0.15 for UOB banker's check, do you mind sharing  the location of the branch? Thanks

Maybank do offer FD for 1 mth for 3.2%, 6 mths for 3.68%..till end July..

Just saw HLB website. they are doing promotion on 4% p.a on your 12 months FD. Minimum amount placement is 10k ya

Another step up promo, can ask them to fly kite.

Another step up promo, can ask them to fly kite.

why u said like that?

3.63% for 12m with the whole world expecting OPR to raise, more like a bait lo.

3.63% for 12m with the whole world expecting OPR to raise, more like a bait lo.

oh yeah, I forgot about upcoming OPR meeting next month