Monetary Policy Statement
At the Monetary Policy Committee (MPC) meeting today, Bank Negara Malaysia decided to raise the Overnight Policy Rate (OPR) by 25 basis points to 2.50 percent. The floor and ceiling rates of the corridor for the OPR are correspondingly raised to 2.25 percent and 2.75 percent respectively.
so guys, prepare to pay more interest!!!!
UPDATE: AmBank Group will increase the base lending rate (BLR) for AmBank (M) Bhd to 6.05%, up by 25 basis points from 5.80% per annum effective today.