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Historical Movement of Base Lending
Rate (BLR)
Historical, Base Lending Rate
(BLR) has moved in tandem with the Bank Negara Malaysia's Overnight Policy
Rate (OPR). The OPR was last changed in July 2014.
Any changes to the BLR will
affect pricing of both existing and new floating interest rate home loans.
However, fixed rate home loan packages will remain unaffected.
Effective 2nd January 2015, in
line with new Reference Rate Framework introduced by Bank Negara Malaysia
(BNM), Banks in Malaysia are implement a new reference rate to be known as
Base Rate (BR) to replace the Base Lending Rate (BLR) for all new consumers
lending.
Below table shows the BLR
movement for the past 15 years.
| |
|
Year |
BLR (%) |
Remarks |
|
| |
|
2016 |
6.85 => 6.95 |
Some banks raised due to cost
of funding increase |
|
| |
|
2014 |
6.60 => 6.85 |
OPR
raised 0.25% on 14 July 2014 |
| |
|
2013 |
6.60 |
|
|
| |
|
2012 |
6.60 |
|
|
| |
|
2011 |
6.30 => 6.60 |
OPR raised 0.25% on 5 May 2011 |
|
| |
|
2010 |
6.05 => 6.30 |
OPR raised 0.25% on 8 July 2010 |
|
| |
|
2010 |
5.80
=> 6.05 |
OPR
raised 0.25% on 13 May 2010 |
|
| |
|
2010 |
5.55 => 5.80 |
OPR
raised 0.25%
on 4 March 2010 |
|
| |
|
2009 |
5.95 => 5.55 |
OPR reduced 0.50%
on 24 Feb 2009 |
|
| |
|
2009 |
6.50 => 5.95 |
OPR reduced 0.75%
on 21 Jan 2009 |
|
| |
|
2008 |
6.75 => 6.50 |
OPR reduced 0.25%
on 24 Nov 2008 |
|
| |
|
2007 |
6.75 |
|
|
| |
|
2006 |
6.50 => 6.75 |
OPR
raised 0.25%
on 26 April 2006 |
|
| |
|
2006 |
6.25 => 6.50 |
OPR
raised 0.25%
on 22 Feb 2006 |
|
| |
|
2005 |
6.00 => 6.25 |
OPR
raised 0.30%
on 30 Nov 2005 |
|
| |
|
2004 |
6.00 |
|
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