10/07/2022
Considering a car or a house? Get to know the latest base rate (BR) and base lending rate (BLR) of these 6 Malaysian banks after the announcement to raise overnight policy rate (OPR) by Bank Negara Malaysia (BNM).
The rise of OPR doesnโt mean everything goes south. It actually means that BNM is optimistic about the recovery in Malaysia based on indicators such as opening up of key sectors, employment and wages.
Looking at the bright side, the rise of BR and BLR acts as a stress test to us on whether we are ready to commit that monthly repayments to the banks (unless you are purchasing with cash ๐ค).