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Bank Negara maintains overnight policy rate at 3%
KUALA LUMPUR: Bank Negara Malaysia (BNM) maintained the overnight policy rate (OPR) at 3% at its Monetary Policy Committee (MPC) meeting on Thursday. It said inflation in the first quarter ended March 31 remained low at 1.5%. "While inflation is expected to continue to rise during the year, it is projected to remain modest. Domestic supply and cost factors are expected to contribute to higher prices," it said. BNM said the MPC considered the current stance of monetary policy to be appropriate given the outlook for inflation and growth. MPC Full Statement Source: Bank Negara Malaysia Published: 09 May 2013 Many travel booking sites offer some unbeatable prices and luxury services.
Base Lending Rate (BLR)
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Last Reported BLR : 6.60% (Effective Since 11 May 2011)
(Rate refreshed on 09 May 2013)
BLR is a minimum interest rate calculated by banking institutions based on a formula which takes into account the institutions’ cost of funds and other administrative costs. This is defined by central bank of the countries.   The Overnight Policy Rate (OPR) from Bank Negara Malaysia is reference for banks in BLR adjustments, but there might differ from bank to others bank. At the global money market down turn, BLR will get lower and if the money market on uptrend, it will correlation upward. It is wisely and timely to consider take up mortgage loan and start to own your property at the lower BLR as current. From the record, it shows that the highest BLR Malaysia ever has is 12.27% in year 1998 and the lowest BLR is 5.55% in year 2009. The average is 8.1%. Probably you can use this to justify whether it is better to take the fixed rate loan or floating mortgage loan (BLR +/- x% ). Below table shows the Malaysia Base Lending Rate (BLR) record from year 1989 to year 2011.
	Year	BLR (%)	Remark
	2011	6.60	Adjusted May 2011
	2010	6.30	Adjusted July 2010
	2010	6.05	Adjusted May 2010
	2010	5.80	Adjusted March 2010
	2009	5.55
	2008	6.75	Adjusted March 2009
	2007	6.75
	2006	6.00
	2005	6.00
	2004	6.00
	2003	6.50
	2002	6.50
	2001	6.75
	2000	6.75		>> More BLR Historical Data
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