Financial OPR after MPC this thu, MPC on 13 May 2010
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 Jan 24 2009, 08:51 PM
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Junior Member
640 posts Joined: Apr 2007 From: X-Mansion, Penang  
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QUOTE(Pai @ Jan 24 2009, 08:44 PM) Actually mebbe this 55bp cut by Maybank was something that they have work out with BNM. The deep cut is a very different picture painted by BNM as compared to our Finance Minister's statement.Explains why BNM went for 75bp cut VS the widely anticipated 50bp cut.  It means that our GDP is stalling or shrinking. As for those offering higher FD Rate, it means that those Banks need more cash. |
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Jan 27 2009, 08:47 PM
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Junior Member
640 posts Joined: Apr 2007 From: X-Mansion, Penang
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QUOTE(Pai @ Jan 27 2009, 07:35 PM) OPR reduction doesnt always equate to BLR reduction BLR depends on Bank's cost of funds. That is why AmBank's BLR at 6.55% the last time BLR @ 6.50%. Some Bank's BLR is higher, and ideally they will just follows MayBank and CIMB to stay competitive. |
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