21 Jan 09 is the day where all the banksin M'sia have the monetary policy meeting.
Source said a possible 25 basis point cut on OPR (overnight policy rate) from current 3.25%. It's mean the cost of fund is lowered! It's mean your FD's interest(Fixed Deposit) is getting lesser! It's mean the BLR(Base Lend Rate) is getting lower! It's mean your housing loan is paid off faster!
Source said a possible 25 basis point cut on OPR (overnight policy rate) from current 3.25%. It's mean the cost of fund is lowered! It's mean your FD's interest(Fixed Deposit) is getting lesser! It's mean the BLR(Base Lend Rate) is getting lower! It's mean your housing loan is paid off faster!
This action take place in view of current bad global economy & a boost to consumer spending. (Hopefully)
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