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BNM maintain OPR unchanged at 3%
KUALA LUMPUR, May 11 - At the Monetary Policy Committee (MPC) meeting today, Bank Negara Malaysia decided to maintain the Overnight Policy Rate (OPR) at 3.00 percent. While the global economy continues to recover, developments in the most recent period have increased the risks to global growth. Stress in the international financial markets has re-emerged following rising policy uncertainties and renewed concerns over the sovereign debt crisis in the euro area. Economic activity in Europe also continues to be weighed down by the ongoing fiscal consolidation, impaired financial intermediation and weak labour market conditions. In North America, recent economic data have been mixed, indicating uncertainty in the pace of the economic recovery. In Asia, while economic activity continues to be supported by domestic demand, the growth momentum is affected by the slowdown in international trade activity. While the Malaysian economy is affected by the global developments, domestic demand has continued to support growth, driven by firm consumption and investment activity. Looking ahead, this trend is projected to continue. Private consumption is supported by the stable employment conditions, income growth and public sector measures. Investment activity is mainly led by the domestic-oriented industries, the commodity sector and the public sector. Read More. 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 May 2012)
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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