Half of household loan accounts unaffected by OPR hike, Dewan Rakyat told

Published on 6 Mar 2023 11:01:50 PM

A total of 50.3 per cent or 6.4 million accounts of the total loan accounts in the household sector are fixed-rate loans that are not affected by the 100 basis point increase in the overnight policy rate (OPR) last year, said Datuk Seri Ahmad Maslan.

The Deputy Finance Minister said that on Monday (March 6) when responding to Shaharizukirnain Abd Kadir (PAS-Setiu), who asked about the study carried out by the government on the effect of the OPR increase on the B40 group.

Ahmad insisted that the move to increase the OPR by the Monetary Policy Committee of Bank Negara Malaysia (BNM) was appropriate to ensure inflation was under control and the economy remained stable.

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