Thursday, January 22, 2009

090122 Bank Negara reduces interest rate

On 22 January 2009, Bank Negara Malaysia (BNM) reduced the Overnight Policy
Rate (OPR) by 75 basis points which resulted in banks reducing their money
market interest rates as well.

For example in a private firm, 3% rate is reduced to 2% and 2.4% is reduced to 1.5%

Its time to take your money out and increase your Chinese New Year gambling money .... just kidding ...