Understanding BNM’s Latest OPR Announcement. Why maintain? Why is the OPR maintained? BNM is maintaining OPR because growth is continuing globally (we are an export-oriented
Singapore introduced the ABSD starting in April 2023 which is effectively an extra tax for all property buyers targeting foreigners. ABSD means: “Liable buyers are required to pay ABSD on top of the existing Buyer’s Stamp Duty (BSD). ABSD and BSD are computed on the purchase price as stated in the dutiable document or the market value of the property (whichever is the higher amount).”
Our current Overnight Policy Rate (OPR) is 2.75 percent. The decision is to be made by the Monetary Policy Committee (MPC) of Bank Negara Malaysia. Current rate is considered as appropriate and supportive of domestic economic growth and as usual, the MPC will monitor global and domestic economic risks before they make their next decision.