Friday, March 05, 2010

OPR increase 0.25%, March 2010

OPR increased meaning loan interest also increase, so to FD interest rate. So, since most of us serving the loan more than having FD or saving in banks, therefore prepare to pay more interest. Just hope that inflation will come down, but for Malaysia, once the price of goods went up, it will never come down!

At the Monetary Policy Committee (MPC) meeting today, Bank Negara Malaysia decided to raise the Overnight Policy Rate (OPR) to 2.25 percent. The floor and ceiling rates of the corridor for the OPR are correspondingly raised to 2 percent and 2.50 percent respectively.

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