Interest Rate (OPR) Remained Unchanged (Jan 2012)

First MPC meeting in year 2012 concluded that OPR best to be maintained at 3.00%. The following extracted from BNM website, for full statement, click here.

At the Monetary Policy Committee (MPC) meeting today (31.1.2012), Bank Negara Malaysia decided to maintain the Overnight Policy Rate (OPR) at 3.00 percent. 

Someone told me before that those lives on fixed interest rate income (saving in FD) will be suffered for as long as we can foresee due to problem from global financial system - too much money. US government already indicates that the future interest rate (US Dollar) will be remained near "zero" level for up to year 2014.

For year 2012, unlikely OPR or BLR will increase but chances they will be reduced once the global economic and financial conditions have deteriorated further.