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Bank Negara keeps key rate at 3pc
31 JAN 2012: Bank Negara Malaysia has maintained the Overnight Policy Rate (OPR) at three per cent. The central bank said in the recent months, global economic and financial conditions had deteriorated following the escalation of the sovereign debt crisis in Europe, the ongoing fiscal consolidation and the significant policy uncertainties. "The heightened market volatility, impaired financial intermediation and weak labour market conditions continue to weigh down on growth in the advanced economies. "These conditions pose downside risks to global growth. In Asia, while growth continues to be supported by sustained domestic demand, the growth momentum has moderated amid the weaker external environment," it said in a statement after Monetary Policy Committee (MPC) meeting today. 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 31 January 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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