Dec 26 2022, 11:15 AM
QUOTE(vanguard_15 @ Dec 26 2022, 09:49 AM)
I'm currently looking at the Ambank 4.5% for 18 months, but next month, I hear the OPR will go up again, so, is putting it in right now still worth it?
In rising interest rate environment, it's advisable to go on the shorter end of the FD, ie 1 month or 3 month. Therefore you will benefit from rising interest rate further down the road.Inflation rate in Malaysia is still too high at 4% in November. Fed rate is already 4.5%. Market is expecting rate in US to peak around 5% in 2024.
Malaysia latest OPR is 2.75%.
It's a foregone conclusion that there will be further rate hike in Malaysia in 2024. BNM need to tame inflation and shrink the gap with US Fed rate.
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