OPR

KUALA LUMPUR: Bank Negara Malaysia (BNM) has increased the Overnight Policy Rate (OPR) by 25 basis points (bps) to 2.75 per cent.

It said that household spending would continue to be underpinned by Improvements in labour market conditions and income prospects. "Any adjustments to the monetary policy settings going forward would continue to be done in a measured and gradual manner, ensuring that monetary policy remains accommodative to support sustainable economic growth in an environment of price stability," it said. "At the current OPR level, the stance of monetary policy remains accommodative and supportive of economic growth," it said in a statement.

PETALING JAYA: Bank Negara Malaysia (BNM) has reportedly raised the overnight policy rate (OPR) by 25 basis points (bps) to 2.75%, its fourth consecut...

In May, the central bank raised the OPR to 2% from 1.75%, reportedly the lowest on record, following a 25 bps cut in July 2020. It raised the OPR by another 25 bps to 2.25% in July and hiked it up by another 25 basis points (bps) to 2.50% in September. PETALING JAYA: Bank Negara Malaysia (BNM) has reportedly raised the overnight policy rate (OPR) by 25 basis points (bps) to 2.75%, its fourth consecutive rate hike since May.

KUALA LUMPUR: Malayan Banking Bhd (Maybank) will revise upwards its standardised base rate (SBR), base rate (BR) and base lending rate (BLR) by 25 basis ...

to 2.50% p.a. respectively while the Islamic base financing rate will be increased from 6.15% p.a to 6.40% p.a,” the bank said in a statement. “Similarly, the Islamic SBR and BR will be increased by 25 basis points from 2.50% p.a. “Maybank’s SBR and BR will be increased from 2.50% p.a. following an OPR increase by the same quantum. to 2.75% p.a.

Ceiling and floor rates of the OPR corridor are 3.00pct and 2.50pct respectively.

The central bank said the ceiling and floor rates of the corridor of the OPR are correspondingly increased to 3.00 percent and 2.50 percent respectively. Bank Negara Malaysia (BNM) has raised the overnight policy rate (OPR) by 25 basis points to 2.75 percent.

BANK Negara Malaysia (BNM) is expected to raise its Overnight Policy Rate (OPR) when it is scheduled to announce its monetary policy decision tomorrow, ...

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KUALA LUMPUR: Bank Negara's Monetary Policy Committee (MPC) has raised its overnight policy rate (OPR) by 25 basis points (bps) to 2.75%, ...

“At the current OPR level, the stance of monetary policy remains accommodative and supportive of economic growth. The adjustment would also pre-emptively manage the risk of excessive demand on price pressures consistent with the recalibration of monetary policy settings that balances the risks to domestic inflation and sustainable growth. “Moving into 2023, headline and core inflation are expected to remain elevated amid both demand and cost pressures, as well as any changes in domestic policy measures. These will ensure financial intermediation remains supportive of the economy. Household spending will continue to be underpinned by improvements in labour market conditions and income prospects,” it said. Financial institutions also continue to operate with strong capital and liquidity buffers.

KUALA LUMPUR: Bank Negara Malaysia (BNM) has raised the overnight policy rate (OPR) by 25 basis points (bps) to 2.75 per cent, the fourth consecutive ...

Household spending will continue to be underpinned by improvements in labour market conditions and income prospects,’’ it said. “In particular, continued aggressive adjustments in US interest rates and expectations of a higher terminal rate in the US have contributed to a persistently strong US dollar environment,’’ it added. It warns that “downside risks to the domestic economy continue to stem from weaker-than-expected global growth, higher risk aversion in global financial markets amid more aggressive monetary policy tightening in major economies, further escalation of geopolitical conflicts, and worsening supply chain disruptions.” The central bank noted that “domestic liquidity remains sufficient, with the continued orderly functioning of the financial and foreign exchange markets, while financial institutions also continue to operate with strong capital and liquidity buffers.” “The MPC is not on any pre-set course, which means that monetary policy decisions will continue to depend on evolving conditions and their implications on the overall outlook to domestic inflation and growth,’’ the Malaysian central bank said in a statement today. It noted that the adjustment would also pre-emptively manage the risk of excessive demand on price pressures consistent with the recalibration of monetary policy settings that balances the risks to domestic inflation and sustainable growth.

THE Monetary Policy Committee (MPC) of Bank Negara Malaysia (BNM) decided today to increase the Overnight Policy Rate (OPR) by 25 basis points (bps) to ...

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BNM said the global economy continues to be weighed down by rising cost pressures, tighter global financial conditions, and strict containment measures in ...

“Going forward, the global growth outlook will continue to face headwinds from tighter financial conditions amid elevated inflation in major economies and the domestic challenges in China. This has resulted in higher volatility in financial markets, affecting other major and emerging market currencies, including the ringgit. Bank Negara Malaysia (BNM) has raised the Overnight Policy Rate (OPR) by 25 basis points to 2.75 percent.

Bank Negara Malaysia's (BNM) Monetary Policy Committee (MPC) has raised the overnight policy rate (OPR) by another 25 basis points (bps) to 2.75% on ...

while its BLR will be revised from 6.15% p.a to 6.4% p.a. to 2.5% p.a. The bank’s SBR will be 2.75% in tandem with the OPR while the BR will increase to 3.27% from 3.02% and the BLR/BFR will increase to 6.47% from 6.22%. to 6.4% p.a. following an OPR increase by the same quantum. In line with the revision, Affin Bank’s fixed deposit and Affin Islamic’s term deposit-i board rates will also be adjusted upwards from Nov 7. to 2.75% p.a. The group’s RHB Bank Bhd, RHB Islamic Bank Bhd and RHB Investment Bank Bhd will increase its SBR from 2.5% to 2.75%, BR from 3.25% to 3.50% p.a., and will also revise the BLR/BFR from 6.2% to 6.45% p.a. In line with the revision, RHB Bank and RHB Islamic Bank’s fixed deposit rates will also be revised upwards, according to a statement from the group. RHB Banking Group will revise its SBR, BR and BLR/BFR upwards by 25bps effective Nov 7 in line with the increase in the OPR by BNM. In line with the revision, Maybank and Maybank Islamic’s fixed deposit rates will also be adjusted upwards effective Nov 7. Malayan Banking Bhd (Maybank) will revise upwards its standardised base rate (SBR), base rate (BR) and base lending rate (BLR) by 25 basis points (bps) effective Nov 7, following the announcement on the OPR increase.

KUALA LUMPUR: Bursa Malaysia ended on a downbeat note on Thursday as selling on blue chips sent FBM KLCI skidding more than 2%.

Among the banks, Maybank declined 13 sen to RM8.41, Public Bank lost nine sen to RM4.36, CIMB shed 14 sen to RM5.35, RHB Bank eased 12 sen to RM5.48 and Hong Leong Bank fell 40 sen to RM20.44. [Subscribe now](https://www.thestar.com.my/subscribe)to our Premium Plan for an ad-free and unlimited reading experience! Meanwhile, US West Texas Intermediate crude fell US$1.48 to US$88.52 and Brent lost US$1.27 to US$94.89 per barrel. How useful is this article to you? Among the losers, Nestle lost RM2.20 to RM130.80, PETRONAS Dagangan eased RM1.04 to RM21.16 and [Malaysian Pacific Industries](/business/marketwatch/stocks/?qcounter=MPI) [ shed 40 sen to RM24.20.](http://charts.thestar.com.my/?s=MPI) South Korea’s Kospi fell 0.33%, to close at 2,329.17. The ceiling and floor rates of the corridor of the OPR are correspondingly increased to 3.00% and 2.50%, respectively. Hong Kong’s Hang Seng index dropped 3.1% to 15,339.49 while China’s CSI 300 index fell 0.8% to 3,647.90. Imaspro rose 26 sen to RM5.58, KLCCP Stapled Group added 22 sen to RM6.86, Heineken gained 20 sen to RM23.14 and Rapid climbed 16 sen to RM14.88. At 5pm, the benchmark index tumbled 31.23 points, or 2.15% to 1,420.38, its intraday low. Bank Negara’s Monetary Policy Committee (MPC) has raised its overnight policy rate (OPR) by 25 basis points (bps) to 2.75%, in line with expectations.

KUALA LUMPUR, Nov 3 — MIDF Research expected Bank Negara Malaysia (BNM) to front-load its monetary bullets by raising the Overnight Policy Rate (OPR) to ...

“The central bank expects inflation to peak in Q3 2022. On a yearly basis, the first 10 months of 2022 saw an average depreciation of USD/MYR at -5.5 per cent year-on-year (y-o-y), EUR/MYR at +6.7 per cent yoy, GBR/MYR at +5.2 per cent y-o-y, JPY/MYR at +12.4 per cent y-o-y, KRW/MYR at +6.6 per cent y-o-y and AUD/MYR at +2.2 per cent y-o-y, it added. “BNM foresees core inflation to average closer to the upper range of 2 to 3 per cent for this year,” the research house said. MIDF Research shared that BNM hinted strong and robust third quarter 2022 (Q3 2022) gross domestic product (GDP) growth, underpinned by improvements in labour market conditions and income prospects, robust domestic demand continue to fuel local economic activity in the third quarter of this year. “However, the decision will be subject to the stability of economic growth, the pace of price increases and further improvement in macroeconomic conditions, particularly a continued recovery in the labour market and growing domestic demand,” it said. It said that today’s announcement by BNM to raise the OPR by another 25 basis points (bps) from 2.50 per cent to 2.75 per cent in its final Monetary Policy Meeting of 2022 was in-line with market expectations, but remained below pre-pandemic levels.