After several months of anticipation, Bank Negara Malaysia has cut key interest rate by 25 basis points, which means BLR may be adjusted as well. Many would seek refinancing now, but do take care of the clauses that may be introduced.

25-11-2008: BNM cuts OPR to 3.25%, SRR reduction a surprise
by Gan Yen Kuan
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KUALA LUMPUR: Bank Negara Malaysia (BNM) yesterday cut the key interest rate by 25 basis points (bps), the first rate adjustment since April 2006, and made a surprise 50bps slash to banks’ statutory reserve requirement (SRR), as the deteriorating global slowdown has started to affect domestic growth.

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