After hiking the OPR to 3% in May this year, Bank Negara Malaysia has decided to maintain that rate following its latest monetary policy committee meeting today.
“At the current OPR level, the monetary policy stance is slightly accommodative and remains supportive of the economy. The MPC continues to see limited risks of future financial imbalances,” the central bank said in a release.
Car loans are affected by the OPR, with higher rates resulting in hire purchase loans becoming more expensive and potentially harder to gain approval. This has an impact on car sales, with the Malaysian Automotive Association saying in January itBNM also noted that headline inflation has continued to ease amid lower cost factors. “While core inflation has also moderated, it remains elevated relative to the long-term average amid lingering demand and cost factors,” it added.
Originating from the corporate world with a background in finance and economics, Gerard’s strong love for cars led him to take the plunge into the automotive media industry. It was only then did he realise that there are more things to a car than just horsepower count.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bank Negara Malaysia kekalkan OPR 3.00% | The Malaysian InsightMenurut BNM pada tahap OPR semasa, pendirian dasar monetari kekal agak akomodatif dan terus menyokong pertumbuhan ekonomi.
Read more »
Bank Negara stays put on OPR at 3%KUALA LUMPUR: Bank Negara kept the overnight policy rate (OPR) unchanged at 3% upon the conclusion of its two-day monetary policy committee (MPC) meeting, which was in line with the median expectations of economists.
Read more »
Bank Negara maintains OPR at 3% | The Malaysian InsightCentral bank projects headline, core inflation to trend lower in second half of 2023.
Read more »
Bank Negara maintains OPR at 3pctPersistent core inflation and high-interest rates still affecting global growth.
Read more »
Guan Eng lauds Bank Negara’s decision to keep OPR as the right moveKUALA LUMPUR, July 6 — Bank Negara Malaysia (BNM) has taken the correct monetary policy stance by supporting the government’s efforts to focus on sustainable economic growth...
Read more »
OPR 3% sesuai keadaan ekonomi kukuh, kata Bank Negara | The Malaysian InsightEkonomi Malaysia terus berkembang berikutan tahap pendapatan dan pekerjaan terus menggalakkan serta terus menyokong perbelanjaan isi rumah.
Read more »