Short answer, yes.

Some good news for property buyers in 2nd half of this year. Wish they dropped it another 25 basis points, still on the cards according to a few consulting groups.

Seem like other banks all silent

As of today, CIMB lowered their rates by 0.25.

Ahh finally..

then how much current lower rate

Good news for me.
Any letters or adjustment in system yet?

CIMB lowers base rate by 0.25% after OPR cut
Read more at https://www.thestar.com.my/business/busines...OVhOcAMJBmO5.99

10 May 2019

CIMB announces reduction in rates
[KUALA LUMPUR] In response to Bank Negara Malaysia's (BNM) Overnight Policy Rate (OPR) decrease of 25 basis points from 3.25% to 3.00% on 7 May 2019, CIMB Bank Berhad (“CIMB Bank”) and CIMB Islamic Bank Berhad (“CIMB Islamic”) will effect a corresponding 25-basis points reduction in its Base Rate and Fixed Deposit / Fixed Return Income Account-i Board Rates. Similarly, loans and financing based on Base Lending Rate (BLR) and Base Financing Rate (BFR) respectively will be reduced by 0.25%. The 0.25% reduction across the board is to help achieve the corresponding effect of monetary policy transmission intent by BNM's Monetary Policy Committee. All rate changes will take effect on 15 May 2019.

Group CEO, CIMB Group, Tengku Dato’ Sri Zafrul Aziz said, “The OPR cut will encourage investments and consumption to spur the Malaysian economy. Most importantly, our corresponding 0.25% reduction in applicable rates will ease the burden of borrowers, particularly in the face of current challenges in the domestic economy due to spillover effects from fresh US-China trade tensions and global uncertainties."

source

OPR down ... BLR down too ...

How come my monthly installment still the same after OPR down?

Depends on bank policy. Repayment difference of less than RM50 I think most bank will not change the monthly repayment amount.
Meaning that the amount still remain the same, however additional payment (example RM30) will be used to pay off the principle amount monthly. In the end, you will pay off slightly early compare to the initial projected timeline.

But if increase less than rm50, bank still proceed to raise it.

Anyone expert in mortgage loan can explain to me my statement detail? mortgage term loan, can i pay more to reduce the interest charge?

This post has been edited by dreamerkid1986: Sep 28 2020, 11:38 PM