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NEW REFERANCE RATE IN MALAYSIA

New Reference Rate In Malaysia Effective 2nd January 2015: Base Rate (BR)

2015 dictates a fresh, new beginning for homeowners, especially with Bank Negara Malaysia implementing a new reference rate (Base Rate) to replace the old Base Lending Rate (BLR). What is this new Base Rate and how will it affect borrowers like us?

Lets have a look at the two based on their transparency, reflection of monetary policy and the effi... read more