BNM G'nor said it is treading cautiously as it aims to avoid overshooting or undershooting on its delivery of the Overnight Policy Rate (OPR) in its next monetary policy meeting. Not too high not too low I take it to mean no change in 3 May meet.

Many banks taking advantage of current bearish sentiment to lower FD rates even believing that US Fed will start to stop raising rates and gradually reduce them. But bear in mind inflation in the US is even going to get worse with the oil producing countries cutting output and if US priority is to battle inflation over recession, high rates may be very sticky. So imho the story is far from over.

I find it difficult to predict Fed's next course of action simply bcos what they have done in the past year has been ridiculous. Only thing I am certain is that Powell and Yellen are more likely to get things wrong than right. They may now say recession is not expected and will continue on their quest of rate hikes.

Hello base rate and board rate are totally different things

May stop investing into ASM now

Place more trust on spirit medium than these so called expert economists

Typically when OPR rises by 25 pts FD will rise on average by 5 pts. When they do this next week I will divert funds into ASM

All comments abv validate the point that BNM only make rakyat suffer

When OPR was 2.75% at start of 2023, 3M KLIBOR was 3.68%. When OPR was increased to 3%, 3M KLIBOR is at 3.55%. So we have the situation where KLIBOR does not increase even when OPR has increased. I can only explain it by banks having increased liquidity generally.

That's why our neighbour down south also kaya ma

Weakening currency is due to lack of demand for the currency, no matter how much you lift the FD rate, it will not help much to strengthen the currency. So why ringgit is weak you have to ask yourself. I think it is a confidence issue, investors do not trust.....

OPR hike did not make banks increase FD rates. Cannot tell you the reason but interbank rates have fallen before opr hike from 3.62% 1 April 23 to 3.46% 25 May 23 indicating most banks have money to lend at lower rates of interest. Maybe recession is coming....

Report to members: my online FD placement by FPX in MBB for 7 months failed to be reflected in MBB. Funds already debited by paying bank in FPX but MBB REPORT INSUFFICIENT FUNDS AND TRANSACTION FAILED. Again another MBB fiasco

Called and reported alrdy. Same fiasco as last MBB promo. Don't trust them again

Just an update: transaction already >24 hrs, 3 calls and same answer - no update on progress from relevant team. This is one of the reasons for our weak currency

Similar experience when trying to place iFD with MBB. Funds deducted but money missing. This is the fault of the FPX system which is operated by a company called Paynet owned by BNM and commercial banks in Malaysia. Do you notice that when you make an FPX payment to shopee or lazada, the transaction confirmation will always say failed fpx but later shopee /lazada will confirm it is ok as they will inform seller to ship or sned you an email confirmation? Evidently this FPX system is unable to cope with high internet traffic. We should all boycott FPX payments until these buggers wake up!

I think the problem is caused by high internet traffic for my case. It may give rise to an uncompleted FPX transaction. So in a nutshell FPX can be problematic my god if yr bank is MBB pray very hard. My missing funds finally get refunded and I thank paynet (fpx operator) people who resolved the issue. My take from this? Never ever participate in an fpx promo with harimau. I mean never again.

Send them an email (you can get it online when you google paynet) I don't want to advertise here. If they are willing to help definitely better than harimau. Harimau promise to reply but never all bs

Bro my missing fpx amount was $30k

With this infamous bank you should be happy the 5k did not go missing