FAEDAH BANK AKAN TURUN

Sesiapa nak re-finance(biaya semula) personal loan ke, car/housing loan ke,credit card... inilah masanya, tunggu sehingga 1 Mac 2009.Interest rate akan turun untuk merancakkan ekonomi negara kita....Monetary Policy StatementAt the Monetary Policy Committee (MPC) meeting today, Bank Negara Malaysiadecided to reduce the Overnight Policy Rate (OPR) by 50 basis points to2.00 percent. The ceiling and floor rates of the corridor for the OPR arecorrespondingly reduced to 2.25 percent and 1.75 percent respectively. TheStatutory Reserve Requirement (SRR) is also adjusted downwards from 2percent to 1 percent effective 1 March 2009 to reduce further the cost ofintermediation.The international economic and financial environment has deterioratedsharply in the recent quarter. The major advanced economies areexperiencing a deepening economic contraction, while the regional economiesare experiencing a rapid slowdown. The impact of the rapid decline inglobal demand on trade, production and investment activities in the Asianregion has intensified. The turmoil in the international financial marketshas also been protracted. While a number of economies have put in placestimulus measures to manage the downturn, their impact on the economy hasyet to take effect. The downside risks to the global economic outlook haveincreased significantly.The Malaysian economy has been adversely impacted by these globaldevelopments. Exports and industrial production have declined steeply,while private investment activities have slowed down in recent months asbusinesses scaled back their spending. Consumer sentiment has also beenaffected by the weakening conditions in the labour market. The domesticeconomic conditions are expected to continue to remain challenging in thecoming quarters with the continued deterioration in the global economy.While this has raised the risk of an economic contraction in 2009, theprospects remain intact for an economic recovery once global conditionsstabilise given that the economy is not overleveraged, the financial systemremains sound, and the external position is healthy.With inflation on a moderating trend, the task of macroeconomic policy isto support domestic demand until conditions in the global economy showsigns of normalisation. Further measures will be introduced by the Bank toensure continuous access to credit as well as to minimise the impact of theeconomic downturn on specific affected groups.Bank Negara Malaysia24 February 2009© Bank Negara Malaysia, 2009. All rights reserved.
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