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BNM decided increase the OPR by 25 basis points to 2.25 per cent
BNM’s Monetary Policy Committee decided to raise the OPR, which is the benchmark for loans and savings, by 25 basis points, or 0.25 percent, to 2.25 percent. It is the second increase this year, after the OPR was raised 25 basis points to 2.00 per cent in May.
Thursday 7 July 2022
Property prices likely to increase before year-end
The steep hike in building material costs will impact the selling price of the incoming supply of properties by at least 5% to 20%, depending on their size and location. The hike in selling prices is inevitable as developers are already paying substantially more for their raw materials
Friday 1 July 2022
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Government to ensure Malaysia’s inflation rate remains low, manageable, says minister
The government, through the Special Task Force on Jihad Against Inflation, will strive to keep the inflation rate in Malaysia low and manageable to ensure the wellbeing of Malaysian families, Communications and Multimedia Minister Tan Sri Annuar Musa announced.
Thursday 30 June 2022
Malaysia Home Prices To Increase 5-20% Before Year-End
Residential property prices in Malaysia is expected to increase by at least 5% to 20%, before year-end, amid the significant hike in construction costs.
Meanwhile, the Selangor government plans to launch about 76,000 Rumah Idaman housing units to help those in the bottom 40 (B40) group get up the property ladder.
Wednesday 8 June 2022
CIMB ANNOUNCES INCREASE IN RATES – MAY 2022
In line with Bank Negara Malaysia's (“BNM”) Overnight Policy Rate (“OPR”) increase of 25 basis points from 1.75% to 2.00% on 11 May 2022, CIMB Bank Berhad (“CIMB Bank”) and CIMB Islamic Bank Berhad (“CIMB Islamic”) will effect a corresponding 25 basis point increase in their Base Rate and Fixed Deposit / Fixed Return Income Account-i Board Rates. Similarly, all financing facilities based on the Base Lending Rate (“BLR”) and Base Financing Rate (“BFR”) will be increased by 0.25%. All rate changes will take effect on 18 May 2022.
Thursday 12 May 2022
