Meshio.com - Latest Comments in Malaysia Banking Institutions’ Base Lending Rate (BLR)

Re: Malaysia Banking Institutions’ Base Lending Rate (BLR)

my name is Tia — Sat, 16 Jul 2011 16:14:17 -0000

An increase of BLR in result of the increases OPR. OPR is of the interest rates tools used by BNM to balance the financial system. it is one of the monetary policy tools to help BNM to manage overflow of money supply that will reduce the value of the currency, to control the inflation, avoid prices from rising to fast and too much that could create asset bubbles, and to keep economic growth on track. Banks used OPR as reference rate to set their interest rates in fixed deposits, BLR, foreign exchange rates and many more.

Re: Malaysia Banking Institutions’ Base Lending Rate (BLR)

faktur — Thu, 26 May 2011 03:28:44 -0000

Not sure what is the standard rate for higher purchase .. mm ..

Re: Malaysia Banking Institutions’ Base Lending Rate (BLR)

Farix10 — Fri, 20 May 2011 20:21:27 -0000

Brunei govern their country better. They build houses to kampung air people without interest. That's what we call good governance.

Re: Malaysia Banking Institutions’ Base Lending Rate (BLR)

nimput — Sun, 27 Mar 2011 23:09:09 -0000

Please visit Bank Negara website under the statistics tab and go for the monthly statistical bulletin . It got from year 1980. Hopes it helps. ;P

Re: Malaysia Banking Institutions’ Base Lending Rate (BLR)

yowchuan — Fri, 11 Mar 2011 23:41:23 -0000

The decision to raise the statutory reserve requirement is to manage the risk of excess liquidity from large shifts in capital flows into the Asian region

As expected, Bank Negara Malaysia (BNM) left borrowing costs unchanged at 2.75 per cent yesterday but raised the amount of money banks must keep at the central bank.

Starting in April, the statutory reserve requirement (SRR) will be doubled to 2 per cent.

It said that the decision to raise the SRR was to manage the risk of excess liquidity from large shifts in capital flows into the Asian region which would result in financial and macroeconomic imbalances.

In the case of Malaysia, the assessment is that the rise in liquidity in the domestic financial system has thus far been well-managed.

BNM also said the SRR is an instrument to manage liquidity and not a signal on the stance of monetary policy like the Overnight Policy Rate (OPR).

The SRR ratio was cut to 1 per cent in March 2009 from as high as 4 per cent in October 2008.

In its analysis of the domestic economy, the Monetary Policy Committee said there is growth in private consumption as well as business spending activities despite modest growth in exports.

While growth is expected to be moderate in the earlier part of the year, it is likely to improve during the course of the year, driven by strong expansion in domestic demand, led by private consumption.

"Private investment is also projected to strengthen, underpinned by the improving outlook for the domestic economy and further expansion of new growth industries."

HSBC Bank said BNM appears to be upbeat on domestic growth prospects.

"Even if external demand may still be relatively lacklustre in its view, the domestic side of things appears to be giving the central bank much comfort," remarked economists Wellian Wiranto and Namrata Mittal.

"With today's statement, it is quite clear that some form of response is coming fairly soon in the form of rate hikes ... not because of oil in and of its own, but due to uptick in demand to show how comfortable it is with domestic demand growth."

Inflation is not as urgent an issue here as elsewhere, but BNM is already hinting at the possibility of re-hiking again soon, shifting focus towards demand-pull forces.

Bank of America Merrill Lynch economist Dr Chua Hak Bin expects the central bank to begin tightening from the next monetary policy meeting in May, when inflation climbs above 3 per cent.

"Another round of fuel price hikes may occur sooner to contain escalating fuel subsidy costs."

Chua also expects BNM to continue normalising the SRR, bringing the rate to 4 per cent by the year-end.

Bank of America Merrill Lynch expects a 50 basis points rate rise for the OPR this year to 3.25 per cent.

Business Times

Re: Malaysia Banking Institutions’ Base Lending Rate (BLR)

yowchuan — Sat, 29 Jan 2011 02:56:20 -0000

The Overnight Policy Rate, the key benchmark interest rate, was kept at 2.75 per cent

Bank Negara Malaysia (BNM) left borrowing costs unchanged yesterday as expected but warned it will have to manage the rising amount of money building up in the domestic financial system.

The Overnight Policy Rate (OPR), the key benchmark interest rate, was kept at 2.75 per cent at the monetary policy committee's first meeting for the year.

The central bank said the level is consistent with its assessment of economic growth and inflation prospects.

It was a market-anticipated move, which is expecting hiking cycle to start in its next March 11 meeting.

Wu Kun Lung, economist with Credit Suisse, thinks BNM will be in no hurry to resume its rate hike and will only do so in the second half of the year.

"In our view, output remains below pre-crisis level and demand-pull inflation is likely to stay low until the export sector recovers."

Standard Chartered Bank economist Alvin Liew said BNM did not prepare the market for more hikes but inflation was featured more prominently.

He anticipates the OPR rising to 3.5 per cent by mid-2011, as inflation expectations are likely to rise with more economic activities, higher commodity prices and gradual subsidy cuts.

The monetary policy committee said the large and volatile shifts in global liquidity are leading to a liquidity build-up in the domestic financial system.

"While the liquidity in the financial system has been manageable, going forward, additional policy tools such as the statutory reserve requirement and macro-prudential lending measures may be considered to avoid the risks of macro economic and financial imbalances," it said.

BNM said in the Asian region, where growth has moderated amid weaker external demand, domestic economic activity continues to provide strong support to growth.

"The region is also being affected by global inflationary pressures arising from the higher commodity and food prices."

The Malaysian economy, BNM said, is likely to grow at a steady pace in 2011, underpinned by continued firm expansion in the domestic demand amid more moderate external demand.

As for inflation, it said, the rise to 2.2 per cent in December was mainly on higher food and energy prices.

"Prices are expected to increase at a modest pace in the coming months, driven primarily by rising global commodity and food prices.

"Inflation will continue to be driven by supply factors with limited evidence of excess demand exerting pressure on prices," BNM added.

Credit Suisse's Wu said if oil prices were to rise further, the government may hike fuel prices more frequently to reduce subsidy costs.

"We estimate that if the government were to liberalise fuel prices at the current prices of around US$90 (RM274.50) per barrel, it would add about 1.5 per cent to 2 per cent to headline inflation, bringing year-on-year inflation to 4 per cent or more.

"Another way to reduce cost of subsidy is to allow further ringgit appreciation. If growth momentum gradually picks up in coming months as we expect, BNM might feel more comfortable in letting the currency appreciate further," Wu added.

Source: Business Times

Re: Malaysia Banking Institutions’ Base Lending Rate (BLR)

yowchuan — Fri, 14 Jan 2011 07:10:30 -0000

MIDF Research believes Bank Negara Malaysia might raise the Overnight Policy Rate (OPR) by 50 basis points to 75 basis points to 3.25-3.50 per cent in the second half of the year.

In a research note today, it said the anticipated raise was premised on the view that BNM will lean on growth and unemployment in favor of inflation although the risk or higher inflation and lower growth have increased.

"The cost-push inflation driven by supply-shocks tends to limit the effectiveness of the monetary policy, and raising OPR will weigh on households real income and hence will alleviate the risk of debt-servicing defaults," it said.

Furthermore, business investment will get hurt from declining profits, and it said the higher OPR will curtail business investment and employment.

"Despite being a net oil exporter, the Malaysian economy is vulnerable to slower growth and high inflation flared by high crude oil prices.

"If left unchecked, especially if BNM decides to leave its OPR unchanged at 2.75 per cent level, it will weaken the ringgit," it said.

Assuming the central bank will raise the rates, MIDF Research said it will also strengthen the ringgit, and at the same time sacrifice some level of export competitiveness to shield domestic consumers against imported inflation especially being a net importer of food which is vulnerable to surging oil prices.

It expects OPR to be raised by 25 basis points in the first half, mainly to address the widening gap of real returns that will erode purchasing power if inflation continues to accelerate, and to avoid a situation of net capital outflow mainly due to capital inflow becoming less attractive as the ringgit weakens.

Furthermore, it added the earlier hike will stem rising import cost especially food items since Malaysia is a net importer owing to the weakening ringgit.

"Rising crude oil prices will have a direct impact on inflation and dampen domestic demand as well as economic growth from the erosion in real disposable income," it added.

Inflation is expected to kick-in through secondary effects namely transfer pricing from higher input costs on the supply side.

MIDF Research added domestic risk is expected to rise as well, thus forcing foreign investors to be on the sideline and local players becoming increasingly cautious. -- Bernama

Re: Malaysia Banking Institutions’ Base Lending Rate (BLR)

Wakeup — Mon, 20 Dec 2010 01:27:53 -0000

I partially agreed with you. Non of the country and leaders are perfect ! But pls do read and study where are we now. Malaysian leaders are walking backward. Why other country laugh at us, Malaysia Boleh !! ???? No !! All this big and malu case just covered like this !! No further action !! No improvement !! What is MACC ?? Malu lah !! If you can keep on cheating yourself, like nothing happen, go ahead ! Foreign investors all run to Vietnam, Cambodia, even Indonesia !! Why ?? Go and read, study baik baik then u know where are we now !!

Re: Malaysia Banking Institutions’ Base Lending Rate (BLR)

sesuwei — Sat, 11 Dec 2010 10:13:12 -0000

Do u ever think, what can you do to Malaysia.. Only mambling??? If u think opposition better, just mark them, ask u followers to do so... Dont talk to much... walk ur talk!!! By the way, we always never think what we have and aprreciate it until it gone.... However, Malaysia thru government has a lot work to improve all those things.... Nobody perfect, we have to help and critise help each other for the better

Re: Malaysia Banking Institutions’ Base Lending Rate (BLR)

pangkin — Sat, 11 Dec 2010 10:08:22 -0000

Please compared apple to apple and durian with durian... If u luv to stay n live in Spore, why not... give urself a chance!!! Malysian will not regret

Re: Malaysia Banking Institutions’ Base Lending Rate (BLR)

gerrard — Thu, 09 Dec 2010 18:45:52 -0000

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Re: Malaysia Banking Institutions’ Base Lending Rate (BLR)

Serangga88 — Sat, 13 Nov 2010 11:51:09 -0000

nama dlm ctos buleh ka?

Re: Malaysia Banking Institutions’ Base Lending Rate (BLR)

f++kyou — Sun, 31 Oct 2010 21:22:30 -0000

if you are not happy then just leave this country

Re: Malaysia Banking Institutions’ Base Lending Rate (BLR)

Dan Curtis7 — Wed, 06 Oct 2010 05:57:36 -0000

Those who have taken conventional housing loan please email me at dan.curtis7@gmail.com, i want to reveal what banks have not telling you all these while about your loan. Also, i'll give solution to cut your interest and repayment time in half or more. Not refinancing or remortgage. I have proven solution. Email me now with subject "BLR Management". Thanks!

Re: Malaysia Banking Institutions’ Base Lending Rate (BLR)

Mortgagebank — Tue, 03 Aug 2010 03:49:40 -0000

Base Lending Rate (BLR) is a base interest rate calculated by financial institutions according to a formula which takes into account the institutions cost of funds and other administrative costs. Table below is the latest BLR published by commercial banks in Malaysia.

Re: Malaysia Banking Institutions’ Base Lending Rate (BLR)

C_nyethau — Tue, 20 Jul 2010 00:40:24 -0000

Hi everyone, since we know this is the fact and we can't control when BLR is increased. So did you have any solutions to settle it? The answers is NO. If you can manage to save or shorten your repayment, why you still pay more and the outstanding balance is still the same? Did the bank officer answer your question? did u sactisfied what you are paying now?
Recently i presented my services to my customer and the feedback is they even don't know how serious is it when BLR increased?? And they don't even bother how important is when BLR increased.

AceScube77777

Re: Malaysia Banking Institutions’ Base Lending Rate (BLR)

Acescube2010 — Fri, 16 Jul 2010 23:31:27 -0000

Since beginning of 2010, Base Lending Rate (BLR) has increased 0.5% to 6.05% effective May 2010. As a result, borrowers have to pay additional 65 months of instalments, meaning their loans period has been extended by more than 5 years.
According to the local authorities, it will increase another ... See More+0.25% by second half of the year. Under such circumstances, do you think it will affect you and other properties owners in the market quite badly? Frankly, no one could escape from the effect of BLR increased, unless we are buying our properties without any borrowings. As a matter of fact, even the Rich will acquire properties with borrowings due to the limitations imposed by the local’s rules & regulations. Hence, as a borrower, as long as you are loaning from the lender, when BLR increase, your interest payable or your loan tenure will also increase substantially. The question now is what options do you have to curb with the circumstances? And most importantly, all lenders are Profit Organizations, do you think they can really help you? Now, if there is a way to help you and other property owners to reduce interest payable despite BLR increased, how many people in the market do you think would need this service? The good news is we could help you to reduce interest payable despite BLR increased by providing a 99% accuracy auditing onto your existing mortgage loans. Similar method already been used in Australia and United States over the years and Success is Guaranteed. Over there, when the borrowers have their loans approved, they will immediately go to subscribe the auditing program so that they could immediately enjoy the benefits. Such an auditing program is now available in Malaysia. The system is proven to be highly effective and the question now is whether are you aware about it? Now, just allocate one and the half hours of your time with us and we will show you HOW......for more inquiry email as to acescube2010@gmail.com or call as 010-5267484.

Re: Malaysia Banking Institutions’ Base Lending Rate (BLR)

yowchuan — Thu, 08 Jul 2010 10:27:30 -0000

Another 25 basis points increment to our OPR. This is the 3rd increment in the year 2010. The first increment was back in 4th March, whereby the rate was increased from 2.00 percent to 2.25 percent. The second increment was in 13th May 2010, where the rate was increased from 2.25 percent to 2.50 percent. On July 7th, the rate is now officially 2.75 percent.

In just half a year, the OPR has been raised 0.75 percent. You might need to negotiate harder to get a better deal for your loans now.

At the Monetary Policy Committee (MPC) meeting today, Bank Negara Malaysia decided to raise the Overnight Policy Rate (OPR) by 25 basis points to 2.75 percent. The floor and ceiling rates of the corridor for the OPR are correspondingly raised to 2.50 percent and 3.00 percent respectively.

The global recovery has continued in the second quarter, supported by robust and broad-based growth in most emerging economies, in particular Asia , and a moderate recovery in the advanced economies. Nevertheless, volatility in the international financial markets has increased following concerns over the ongoing sovereign debt crisis in several advanced economies. These developments have raised uncertainties on the potential impact on the international financial system and the global economic activity. Going forward, while the assessment is for the global recovery to continue, there is increased risk that the global growth momentum could moderate.

Read the full "Monetary Policy Statement" here.

Re: Malaysia Banking Institutions’ Base Lending Rate (BLR)

Lam — Sat, 26 Jun 2010 03:38:21 -0000

I totally Agreed with you.Just Look at the Singapore Currency whose rise so significantly.Opposition should be giving a chance and if not I will leave this country.

Re: Malaysia Banking Institutions’ Base Lending Rate (BLR)

Chrisng555 — Mon, 14 Jun 2010 23:46:04 -0000

dear sharudin do you have the blr from 1999 to present? thanks chris

Re: Malaysia Banking Institutions’ Base Lending Rate (BLR)

Chrisng555 — Mon, 14 Jun 2010 23:44:17 -0000

hi wahida

just want to know if any one has given you the rates for the past 10-15yrs for sharing. thanks

Re: Malaysia Banking Institutions’ Base Lending Rate (BLR)

sharudin yunos — Fri, 11 Jun 2010 05:54:32 -0000

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Re: Malaysia Banking Institutions’ Base Lending Rate (BLR)

Runner — Mon, 07 Jun 2010 23:24:20 -0000

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Re: Malaysia Banking Institutions’ Base Lending Rate (BLR)

Roey Jiea Ong — Mon, 07 Jun 2010 11:01:07 -0000

Hi all, seems like we have same concern on the increase of BLR rate. As you all know, the current BLR rate is already reached 6.05% and it is expected to increase more since our economic is stable.
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Re: Malaysia Banking Institutions’ Base Lending Rate (BLR)

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