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Bank Negara keeps OPR, cautions impact of global economy on local growth
PETALING JAYA: Bank Negara has maintained the overnight policy rate (OPR) at 3% but cautioned that international financial developments could affect the overall growth prospects of the local economy. In the latest Monetary Policy Statement released 11 Nov 2011, the central bank’s Monetary Policy Committee (MPC) made an assessment that the global economic outlook was expected to be weaker and international financial market conditions would remain highly uncertain and volatile, going forward. “While the domestic economy is expected to expand, these external developments could affect the overall growth prospects of the Malaysian economy,” Bank Negara said, adding that it would monitor the developments and assess the risks to domestic growth and inflation. The central bank said inflation was projected to remain stable for the rest of this year and moderate in 2012. It expects global energy prices to undergo some moderation and the impact of domestic demand on inflation to remain contained. Choose Expedia for all of your travel accommodations.
Base Lending Rate (BLR)
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Last Reported BLR : 6.60% (Effective Since 11 May 2011)
(Rate refreshed on 11 Nov 2011)
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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