On 5 May 2011, Bank Negara Malaysia in its Monetary Policy Committee (MPC) meeting decided to raise the Overnight Policy Rate (OPR) by 25 basis points to 3.00 percent.
Domestic headline inflation has continued to increase, rising to 3% in March to average 2.8% for the first quarter of 2011. The increase was mainly due to higher food and fuel prices. The assessment is that supply factors will continue to be a key determinant affecting consumer prices. Global commodity and energy prices are projected to remain elevated during the year, with inflation in major trading partners also expected to rise further. There are also some signs that domestic demand factors could exert upward pressure on prices in the second half of the year.
Since 26 April 2004, banking institutions are allowed to determine their own lending rates on all credit facilities and loan products (with some exceptions) based on internal considerations. While Base Lending Rate (BLR) will remain as the primary reference rate used in the pricing of credit facilities and loan products, banking institutions also have the flexibility to determine the choice of reference rates, other than BLR, in accordance with their business strategy, portfolio management and market competitiveness.
Base Lending Rates (BLR) of Banking Institutions in Malaysia:
| No. | Banking Institution | With Effect From | BLR (% p.a.) |
| 1 | Affin Bank Berhad | 12/5/2011 | 6.60 |
| 2 | Alliance Bank Malaysia Berhad | 13/05/2011 | 6.60 |
| 3 | Alliance Islamic Bank Berhad | 13/07/2010 | 6.30 |
| 4 | AmBank (M) Berhad | 13/05/2011 | 6.60 |
| 5 | Bangkok Bank Berhad | 13/05/2011 | 6.60 |
| 6 | Bank of America Malaysia Berhad | 13/07/2010 | 6.30 |
| 7 | Bank of China (Malaysia) Berhad | 12/5/2011 | 6.55 |
| 8 | Bank of Tokyo-Mitsubishi UFJ (Malaysia) Berhad | 11/5/2011 | 6.25 |
| 9 | CIMB Bank Berhad | 11/5/2011 | 6.60 |
| 10 | Citibank Berhad | 16/05/2011 | 6.60 |
| 11 | Deutsche Bank (Malaysia) Berhad | 13/05/2011 | 6.50 |
| 12 | EON Bank Berhad | 13/05/2011 | 6.60 |
| 13 | Hong Leong Bank Berhad | 13/05/2011 | 6.60 |
| 14 | HSBC Bank Malaysia Berhad | 12/5/2011 | 6.60 |
| 15 | J.P. Morgan Chase Bank Berhad | 15/07/2010 | 6.20 |
| 16 | Malayan Banking Berhad | 11/5/2011 | 6.60 |
| 17 | OCBC Bank (Malaysia) Berhad | 12/5/2011 | 6.60 |
| 18 | Public Bank Berhad | 11/5/2011 | 6.60 |
| 19 | RHB Bank Berhad | 11/5/2011 | 6.60 |
| 20 | Standard Chartered Bank Malaysia Berhad | 13/05/2011 | 6.60 |
| 21 | The Bank of Nova Scotia Berhad | 16/05/2011 | 6.60 |
| 22 | The Royal Bank of Scotland Berhad | 15/07/2010 | 6.00 |
| 23 | United Overseas Bank (Malaysia) Berhad | 12/5/2011 | 6.60 |
Last updated: 16/05/2011 l Source: Bankinginfo.com.my
Overnight Policy Rate (OPR)
Table below shows the OPR changes since 2004 until todate:
|
Date |
Change in OPR (%) |
New OPR level (%) |
| May 5, 2011 |
0.25 |
3.00 |
| July 8, 2010 |
0.25 |
2.75 |
| May 13, 2010 |
0.25 |
2.50 |
| March 4, 2010 |
0.25 |
2.25 |
| February 24, 2009 |
(0.50) |
2.00 |
| January 21, 2009 |
(0.75) |
2.50 |
| November 24, 2008 |
(0.25) |
3.25 |
| April 26, 2006 |
0.25 |
3.50 |
| February 22, 2006 |
0.25 |
3.25 |
| May 26, 2004 |
0.00 |
2.70 |
