Interest rates on housing loans likely to be lowered

PETALING JAYA: Interest rates on housing loans offered by some banks will likely be adjusted lower in the coming weeks in tandem with the 25 basis points (bps) cut in the overnight policy rate (OPR).

Analysts said while banks in Malaysia were expected to revise their base rates (BR), which are the benchmark lending rates, to reflect the new OPR which has been reduced to 3% yesterday from 3.25% previously, the change will unlikely be significant.