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12 July 2010

Bank Negara Malaysia Interest Rates

Bank Negara Malaysia Interest Rates

In this post on July 2010 at Malaysia Fixed Deposits we highlight some details of Bank Negara Malaysia interest rates.

At the Monetary Policy Committee (MPC) meeting 8 July 2010, 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 by Bank Negara malaysia.

Bank Negara Malaysia has assessed that 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.

Will the new Bank Negara Malaysia interest rates lead to rising interest rates of fixed deposits and savings account rates in Malaysia soon?

Keep reading our site to find out if Bank Negara Malaysia interest rates have any effect.

Thanks for your interest in Malaysia Fixed Deposits.

Malaysia Fixed Deposits
We bring you selected fixed deposit rates in Malaysia.