Tailor OPR to income levels of borrowers

A HIKE in the overnight policy rate (OPR) results in an increase in monthly repayments for house loans. The impact on borrowers, particularly the B40 and some in the M40 groups, is significant as it adversely affects their monthly disposable income.

Considering the necessity of housing and the long-term commitment of loan obligations with fixed monthly amounts, borrowers find themselves in a challenging situation when managing their finances.