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BNM,
OPR, which we write you can understand. Alright, happy reading.
What is OPR?
OPR = Overnight Policy Rate
Overnight Policy Rate (OPR) is an overnight interest rate set by Bank Negara Malaysia (BNM).
That's the article: Latest Overnight Policy Rate (OPR) for 2020
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What is OPR?
OPR = Overnight Policy Rate
Overnight Policy Rate (OPR) is an overnight interest rate set by Bank Negara Malaysia (BNM).
This overnight policy rate or interest rate is a rate a borrower bank has to pay to a leading bank for the funds borrowed.
The current OPR set by Bank Negara Malaysia (BNM) is 2.50%.
2020 OPR
Here is the data of the past OPR since 2015.
2020 OPR
Here is the data of the past OPR since 2015.
Data is obtained from Bank Negara Malaysia website.
Each data point is an average for the year.
The Effects of OPR Cut
The effect of OPR rate cut is that it will impact the FD interest rate., where it will be much lower now.
Therefore, with the return from FD is much lower now, suggest investors to look for other investment vehicles that can give higher returns, depending on your investment objectives.
While at the same time, you will also receive from your banker that the mortgage loan rate is also reduced as well.
With a lower interest rate now, loans will be much affordable now.
With lesser money needed to pay for loan, there will be more money on the hands of the people.
Thus, it expects to get the consumers to spend more on the economy so that the economy will be stirred.
Nevertheless, we always suggest investors to spend smartly.
Always put the money on assets and not on liabilities and more expenses.
Get more assets that can generate more cashflow.
Cash is king now.
So invest more, rather than spend more.
Happy Investing! 😉
Reference:
https://www.bnm.gov.my/index.php?ch=mmv&pg=stats_moneymarket&type=1
https://en.wikipedia.org/wiki/Overnight_policy_rate
https://www.comparehero.my/banking-finance/articles/opr-changes-impact-malaysians
https://datastudio.google.com/s/ntvKnxDV2x4
Each data point is an average for the year.
The Effects of OPR Cut
The effect of OPR rate cut is that it will impact the FD interest rate., where it will be much lower now.
Therefore, with the return from FD is much lower now, suggest investors to look for other investment vehicles that can give higher returns, depending on your investment objectives.
While at the same time, you will also receive from your banker that the mortgage loan rate is also reduced as well.
With a lower interest rate now, loans will be much affordable now.
With lesser money needed to pay for loan, there will be more money on the hands of the people.
Thus, it expects to get the consumers to spend more on the economy so that the economy will be stirred.
Nevertheless, we always suggest investors to spend smartly.
Always put the money on assets and not on liabilities and more expenses.
Get more assets that can generate more cashflow.
Cash is king now.
So invest more, rather than spend more.
Happy Investing! 😉
Reference:
https://www.bnm.gov.my/index.php?ch=mmv&pg=stats_moneymarket&type=1
https://en.wikipedia.org/wiki/Overnight_policy_rate
https://www.comparehero.my/banking-finance/articles/opr-changes-impact-malaysians
https://datastudio.google.com/s/ntvKnxDV2x4
That's the article: Latest Overnight Policy Rate (OPR) for 2020
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You are now reading the article Latest Overnight Policy Rate (OPR) for 2020 with link address https://japanesising.blogspot.com/2020/04/latest-overnight-policy-rate-opr-for.html
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