Loan criteria review won't resolve affordable housing issue

According to UBS, Bank Negara is likely to cut its overnight policy rate by 25 basis points in 2015, with lower oil prices cushioning the pressure on inflation.

PETALING JAYA: Access to financing is not the main issue in affordable housing, said Bank Negara.

Referring to media reports on calls to review housing loan criteria for potential buyers of affordable houses, the central bank said in a statement that the comments had caused confusion and were not based on facts and accurate information.