Overnight Policy Rate (OPR) is the interest rate at which a depository institution lends immediately available funds (balances within the central bank) to another depository institution overnight. This is an efficient method for banks around the world to practice 'Accessing short-term financing' from the central bank depositories. The interest rate of the OPR is influenced by the central bank, where it is a good predictor for the movement of short-term interest rates.
In Malaysia, changes in the OPR trigger a chain of events that affect Base Lending Rate (BLR), short-term interest rates, fixed deposit rate, foreign exchange rates, long-term interest rates, the amount of money and credit, and, ultimately, a range of economic variables, including employment, output, and prices of goods and services which is the micro and macro factors on the economic. The BLR is usually adjusted at the time in correlation to the adjustments of the OPR which is determine by Bank Negara Malaysia (BNM) during Monetary Policy Meeting.
Last Reported OPR : 2.75% (Effective Since 8 July 2010)
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Base Lending Rate (BLR) is a minimum interest rate calculated by financial institutions based on a formula which takes into account the institutions cost of funds and other administrative costs. The BLR is almost always the same amongst major banks. Adjustments to the BLR are made by banks at the almost same time; although, the BLR does not adjust on any regular basis. The BLR is usually adjusted at the time in correlation to the adjustments of the Overnight Policy Rate (OPR) which is determine by Bank Negara Malaysia (BNM) during Monetary Policy Meeting. Banks in some countries use the name "Prime Rate" or "Prime Lending Rate" to refer to their Base Lending Rate. On 1 November 1995, Bank Negara Malaysia (”BNM”) imposed a ceiling on the BLRs quoted by banking institutions. The ceiling rate would be determined by a formula. This framework was further revised on 1 September 1998 to enhance the speed of transmission of changes in BNM’s monetary policy (via revisions to intervention rate and SSR) to changes in the economy’s interest rate levels.
In general, the formula for the ceiling BLR is calculated as follows:
Ceiling BLR = Adjusted BNM Intervention Rate + Fixed administrative charge
The ceiling BLRs for commercial banks and finance companies are fundamentally different due to the way the Adjusted BNM Intervention Rate is interpreted:
- For commercial banks, the Adjusted BNM Intervention Rate = BNM Intervention Rate x 80% / (1-SRR%)
- For finance companies, the Adjusted BNM Intervention Rate = BNM Intervention Rate/(1-SRR%)
Commercial banks have a lower Adjusted BNM Intervention Rate (compared to finance companies) resulting in lower ceiling BLR as commercial banks have a relatively lower cost of funds. This is due to the presence of zero-interest current account balances.
In practice, the BNM Intervention Rate is taken as the prevailing BNM 3-month intervention rate (the previous month’s average KLIBOR was formerly used). BNM set the fixed administrative charge at 2.50% initially, but on 1 September 2008 lowered it to 2.25% in order to promote greater operational efficiency among banking institutions. Whenever BNM changes the intervention rate or the SRR, banking institutions are given 1 week to adjust their BLR to comply with the new ceiling.
At the global money market down turn, BLR will get lower and if the money market on uptrend, it will correlation upward. It is wisely and timely to consider take up mortgage loan and start to own your property at the lower BLR as current.
From the record, it shows that the highest BLR Malaysia ever has is 12.27% in year 1998 and the lowest BLR is 5.55% in year 2009. The average is 8.1%. Probably you can use this to justify whether it is better to take the fixed rate loan or floating mortgage loan (BLR +/- x% ). Below table shows the Malaysia Base Lending Rate (BLR) record from year 1989 to year 2010.
Last Reported BLR : 6.30% (Effective Since 13 July 2010)
Apa kena mengena OPR & BLR dengan penawaran dan permintaan? Kenapa Cina marah sangat dengan perubahan OPR & BLR yang tidak memberi kesan pun kepada kenaikan harga syiling barangan keperluan? Apakah inflasi puncanya mengapa Cina sukar untuk beri undi pada BN? Adakah Najib masih tidak endah dengan amaran Jangan Serang Poket Rakyat?
Persoalan utamanya, SIAPA SEBENARNYA PUNAHSIHAT PERDANA MENTERI MALAYSIA?
In Malaysia, changes in the OPR trigger a chain of events that affect Base Lending Rate (BLR), short-term interest rates, fixed deposit rate, foreign exchange rates, long-term interest rates, the amount of money and credit, and, ultimately, a range of economic variables, including employment, output, and prices of goods and services which is the micro and macro factors on the economic. The BLR is usually adjusted at the time in correlation to the adjustments of the OPR which is determine by Bank Negara Malaysia (BNM) during Monetary Policy Meeting.
Last Reported OPR : 2.75% (Effective Since 8 July 2010)
*********
Base Lending Rate (BLR) is a minimum interest rate calculated by financial institutions based on a formula which takes into account the institutions cost of funds and other administrative costs. The BLR is almost always the same amongst major banks. Adjustments to the BLR are made by banks at the almost same time; although, the BLR does not adjust on any regular basis. The BLR is usually adjusted at the time in correlation to the adjustments of the Overnight Policy Rate (OPR) which is determine by Bank Negara Malaysia (BNM) during Monetary Policy Meeting. Banks in some countries use the name "Prime Rate" or "Prime Lending Rate" to refer to their Base Lending Rate. On 1 November 1995, Bank Negara Malaysia (”BNM”) imposed a ceiling on the BLRs quoted by banking institutions. The ceiling rate would be determined by a formula. This framework was further revised on 1 September 1998 to enhance the speed of transmission of changes in BNM’s monetary policy (via revisions to intervention rate and SSR) to changes in the economy’s interest rate levels.
In general, the formula for the ceiling BLR is calculated as follows:
Ceiling BLR = Adjusted BNM Intervention Rate + Fixed administrative charge
The ceiling BLRs for commercial banks and finance companies are fundamentally different due to the way the Adjusted BNM Intervention Rate is interpreted:
- For commercial banks, the Adjusted BNM Intervention Rate = BNM Intervention Rate x 80% / (1-SRR%)
- For finance companies, the Adjusted BNM Intervention Rate = BNM Intervention Rate/(1-SRR%)
Commercial banks have a lower Adjusted BNM Intervention Rate (compared to finance companies) resulting in lower ceiling BLR as commercial banks have a relatively lower cost of funds. This is due to the presence of zero-interest current account balances.
In practice, the BNM Intervention Rate is taken as the prevailing BNM 3-month intervention rate (the previous month’s average KLIBOR was formerly used). BNM set the fixed administrative charge at 2.50% initially, but on 1 September 2008 lowered it to 2.25% in order to promote greater operational efficiency among banking institutions. Whenever BNM changes the intervention rate or the SRR, banking institutions are given 1 week to adjust their BLR to comply with the new ceiling.
At the global money market down turn, BLR will get lower and if the money market on uptrend, it will correlation upward. It is wisely and timely to consider take up mortgage loan and start to own your property at the lower BLR as current.
From the record, it shows that the highest BLR Malaysia ever has is 12.27% in year 1998 and the lowest BLR is 5.55% in year 2009. The average is 8.1%. Probably you can use this to justify whether it is better to take the fixed rate loan or floating mortgage loan (BLR +/- x% ). Below table shows the Malaysia Base Lending Rate (BLR) record from year 1989 to year 2010.
Last Reported BLR : 6.30% (Effective Since 13 July 2010)
Apa kena mengena OPR & BLR dengan penawaran dan permintaan? Kenapa Cina marah sangat dengan perubahan OPR & BLR yang tidak memberi kesan pun kepada kenaikan harga syiling barangan keperluan? Apakah inflasi puncanya mengapa Cina sukar untuk beri undi pada BN? Adakah Najib masih tidak endah dengan amaran Jangan Serang Poket Rakyat?
Persoalan utamanya, SIAPA SEBENARNYA PUNAHSIHAT PERDANA MENTERI MALAYSIA?
Ya, siapa sebenarnya PUNAHSIHAT DS Najib?
ReplyDeleteSiapa sebenarnya yang menentukan halatuju negara ini?
PADO DEN LAH, SIAPO PENASIHAT PAK JIB TU TAK JADI HAL...
ReplyDeleteYG JADI HAL DAN MUSTAHAK BAGI ORG CA YA NUN ALIF NI IOLAH, MEREKA PANDAI BERI TEKANAN KPD KERAJAAN TERUTAMA BILO MEMBABITKAN KEPNTINGAN MEREKA DAN RAKUAT SERTA NEGARA AMNYA.
BAGI DEN, APO YG MENYOBABKAN CA YA NUN ALIF NI TAK PUAS ATI KEK UMNO/BN (UBN) ADOLAH DISOBABKAN KEPRIHATINAN MEREKA TERHADAP KEHIDUPAN DAN KOS KEHIDUPAN YG MAKIN MELAMBUNG TINGGI, INFLASI MELAMBUNG, PERBELANJAAN MELEBIHI PENDAPATAN, KOS BELI LOBIH TINGGI DR UNTUNG, SUMO KOS HIDUP DAN KOS PERKHIDMATAN MAKIN NAIK MELAMBUNG TDK SEPADAN DGN PENDAPATAN, WALAU PAK JIB SELALU KATO, NAK JADIKAN MALAYA NEGARO BERPENDAPATAN TINGGI...NAMUN APO YG TINGGI? GAJI DAN PENDAPATAN MACAM TU LA...KOS NAIK MELAMBUNG HARI2...
DI SAMPING ITU MEREKA AMBIL BERAT KPD SIKAP DAN PENGURUSAN KERAJAAN...MEREKA SGT AMBIL PEDULI TENTANG TATACARA PENGURUSAN NEGARA YG TELUS DAN BEBAS DR PENGARUH KUASA EKSEKUTIF (UBN)...MEREKA SEMAKIN TDK YAKIN DGN KERAJAAN UBN YG MENGAMALKAN RASUAH, PENYELEWENGAN BESAR, SALAH URUS TADBIR, PEMIMPIN TAMAK HALOBA KAUT HARTA KEKAYAAN, SALAH GUNO KUASO, TDK TELUS DLM BYK KES2 MELIBATKAN KEPENTINGAN RAKYAT, PENDEKATAN UBN YG BYK HAL2 RETORIK DR KEBENARAN, PENIPUAN MAKLUMAT, DAN SEBAGAINYA..PENDEK KATO EH WARIS, MEREKA LBH PRIHATIN KPD PRINSIP GOOD GOVERNEN YG INI HANYA LAH MAINAN BIBIR UBN...
MAKO BILO INI BERLAKU, MAKO KEYAKINAN MEREKA MAKIN LAMO MAKIN MENGUNCUP KPD UBN...JGN SALAHAN MEREKA, MEREKA JUGA SBG RAKYAT SAMO SPT MOLAYU, INGIN SUMO DEN SOBUT TU HASIL EH BALIK KPD RAKYAT DGN PENUH KEMAKMURAN...BUKAN CAKAP KOSONG PONUH RETORIK...
CA YA NUN ALIF PRIHATIN KPD BONDO2 NI, MEREKA TAK MAKAN UMPAN LIWAT, VIDEO SEKS, FITNAH, AIBKAN ORG,DLL, KERANO HAL2 BURUK SPT NI BUKAN DAPEK UBAH KEHIDUPAN KITO KPD LBH MAKMUR DAN HAL2 BURUK SPT ITU BUKAN DAPAT MENYENANGKAN KITO DR MENANGGUNG KOS HIDUP...BUKAN PENYELESAIAN MSLH KPD KEHIDUPAN RAKYAT YG SUSAH...RAKYAT MELIHAT HAL2 BURUK SPT ITU HANYA LAH TAKTIK UBN NAK MEMESONGKAN PEMIKIRAN RAKYAT DR MENGHADAPI REALISTK KEHIDUPAN YG MAKIN MENINGKAT KOS SARA HIDUP KINI...
ORG2 CA YA NUN ALIF MEMANG BIJAK BERI TEKANAN KPD UBN, TAK MACAM MOLAYU YG MEMANDANG SST ISU LBH PONTING DR MEMANDANG REALITI SEMASA KEHIDUPAN ITU MASO KINI ITU SENDIRI.
SEBIJI BOLA ISU DICAMPAKKAN OLH UBN, MAKO LEKA LAH ORG2 MOLAYU PD BOLA2 ISU YG TAK KUNJUNG TAMAT..LUPO KPD HAK RAKYAT, LUPO KPD KOS HIDUP YG MAKIN MENDESAK, LUPO KPD PENYALAH GUNAAN KUASO UBN, LUPO KPS SUMO BONDO...TAK MACAM CA NUN ALIF ISU HANYA MAINAN POLITIK YG TAK DO PEKDAH, SOBALIKNYA KUASA KOS RAKYAT DAN GOOD GOVERNAN ITU LBH UTAMA DI SAMPING HAK2 RAKYAT DIAMBIL KIRA SERIUS...
NMAUN MOLAYU, MASIH DI SITU, MASIH DI TAKUK ITU, MASIH LAGI BERMAIN2 DGN BOLA2 ISU DAN MEREKA TERUS LEKA BERMAIN2 SENDIRIAN...SEDANGKAN BANGSA LAIN SEDANG MENUNTUT BALIK HAK DAN KEHENDAK MEREKA YG SELAMO INI DIABAIKAN OLH UBN...
NAMUN MOLAYU...MASIH TERKULAI LAYU SAMBIL RIUH RENDAH BERMAIN DGN BOLA2 ISU UBN...NAMUN MRK TETAP DI SITU TAK BERUBAH PUN...KEHIDUPAN MEREKA TETAP DI SITU..YG SUSAH MERANA MELAYU SENDIRI...TAPI MEREKA TAK BUAT APO2 PUN MCM CA YA NUN ALIF...SOBAB MELAYO KINI SODANG LEKA, SIBUK RIUH RENDAH BERCEMPERA BERMAIN DGN BOLA2 ISU UBN...
SIAPO CERDIK?
RASUAH, SALAH GUNO KUASA, PENYELEWENGAN, GOOD GOVERNEN!
tak buleh pakai la hujah pak puk ni. dulu tuduh jugak zaman mahathir macam-macam, rasuah la, salah urus tadbir la, salah guna kuasa la bla bla bla. tp masa tu kenapa cina tetap kuat menyokong bn? kenapa cina tetap mengundi bn di zaman mahathir jika betullah semua tuduhan pak puk konon kerajaan korup la sgt?
ReplyDeleteskrg pun kerajaan yg sama juga mentadbir malaysia cuma nakhodanya lain.
sbb tu la aku kata hujah pak pok tak boleh pakai. retorik semata. lagipun semua yg pak puk tuduh tu persepsi. tiada bukti yg jelas.
cina sekarang ambil kesempatan sebab nampak melayu berpecah belah dan lemah. sebab tu mereka ambil peluang. itu saja. period. 1999 melayu lemah, 2008 pun melayu tak bersatu. melayu dalam kerajaan pun lemah, dalam pakatan pembangkang lagi la lembik siap jilat tapak kaki dap.
melayu lemah, tidak bersatu sebab tulah senang diambil kesempatan.
-tom tem bak-
Tom joo boor, Hujah kau saja yang boleh pakai.?
ReplyDeleteHujah kau tak ada kelas. Hujah mengampu dan tak ada substance.
Tu sebab aku cadangkan paneh Miang jd PM ganti Najib dan kau jadi DPM ganti Muhyidin, baru Malaysia berjaya
okla jugak dr kaki dubur & qubul jadi pm...lagi hancus jubur pak puk jadik nya
ReplyDeleteOPR dijangka naik lagi 0.5% next month revision..
ReplyDelete- parti jahat -