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Category: Malaysian economy and BNM

Malaysian economy and BNM

BNM’s OPR Decision: What It Means for Your Mortgage

Our current Overnight Policy Rate (OPR) is 2.75 percent. The decision is to be made by the Monetary Policy Committee (MPC) of Bank Negara Malaysia. Current rate is considered as appropriate and supportive of domestic economic growth and as usual, the MPC will monitor global and domestic economic risks before they make their next decision.

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China and Hong Kong Property related

Yuan’s stability will help facilitate growth in trading between nations

When it comes to trading between nations, it is important for the currency to be stable. Else, it is so hard to price the goods and one party could lose when the currency exchange is very different from the time or ordering to the time of delivery. This is why every country strives to ensure its currency is stable. This is also why most trades would use the same currency and typically it’s the US$.

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key hanging on wooden doll house
ABCs of Property Investment

Potentially lower mortgage payments in the near future

When interest rate rises, the mortgage rates will rise in tandem. In other words, we will have to pay a higher amount every month. Then again, if seen from the longer term context, the current rates are very low. Take a look at the chart showing the interest rate movement for Malaysia across a longer period of time. We can see the rates are considered on the lower end for the past 10 years or so.

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