OPR Tracker
Bank Negara Malaysia sets the Overnight Policy Rate (OPR) at Monetary Policy Committee meetings. It directly affects all variable-rate loans and fixed deposit returns.
What does OPR mean for you?
Variable-rate mortgages are priced off the Base Rate (BR), which tracks OPR closely. A 0.25% OPR hike adds approximately RM47/month to a RM300k loan and RM78/month to a RM500k loan.
When OPR rises, banks typically increase FD rates within 1–3 months. Current FD rates (3-month commercial): check the FD Rates page.
Most Malaysian car loans use flat rates — OPR changes don't directly affect them. However, new car loan offers from banks are priced off BR, so new buyers feel the impact.
Credit card rates are capped at 18% p.a. by BNM — they don't move with OPR. Personal loan rates (conventional) are fixed at disbursement.
Indicative home loan repayments
Based on current OPR (2.75%) + 2.40% spread = 5.15% effective rate. 30-year tenure. Illustrative only — actual rates vary by bank.
Recent OPR decisions
Key BNM Monetary Policy Committee decisions (2020–present)
| Date | OPR | Change | Context |
|---|---|---|---|
| 9 Jul 2025 | 2.75% | -0.25% | First cut since 2020 — current level |
| 3 May 2023 | 3.00% | +0.25% | Peak of post-pandemic cycle |
| 19 Jan 2023 | 2.75% | +0.25% | Back to pre-pandemic level |
| 8 Sept 2022 | 2.50% | +0.25% | Normalisation |
| 6 Jul 2022 | 2.25% | +0.25% | Hike cycle continues |
| 11 May 2022 | 2.00% | +0.25% | First hike — recovery begins |
| 7 Jul 2020 | 1.75% | -0.25% | Historic low — pandemic floor |
| 5 May 2020 | 2.00% | -0.50% | Largest single cut since 2008 |
| 3 Mar 2020 | 2.50% | -0.25% | Emergency cut — COVID-19 declared |
| 22 Jan 2020 | 2.75% | -0.25% | First cut — pre-pandemic caution |
Source: Bank Negara Malaysia MPC meeting statements. Full history at bnm.gov.my
Related guides & tools
Current bank base rates
Published by BNM. Base Rate (BR) is the reference rate for new variable-rate loans since 2015.
| Bank | Base Rate (BR) | Base Lending Rate (BLR) | Eff. Rate |
|---|---|---|---|
| Affin Bank | 2.70% | 5.56% | 3.30% |
| Affin Islamic Bank Berhad | 2.70% | — | 3.30% |
| Agrobank | 2.35% | — | 0.00% |
| Al Rajhi Banking & Investment Corporation (Malaysia) Berhad | 2.85% | — | 4.20% |
| Alliance Bank | 2.57% | 5.42% | 3.11% |
| Alliance Islamic Bank Berhad | 2.57% | — | 3.11% |
| AmBank | 2.60% | 5.45% | 3.25% |
| AmBank Islamic Berhad | 2.60% | — | 3.25% |
| Bangkok Bank Berhad | 3.22% | 5.87% | 4.42% |
| Bank Islam Malaysia Berhad | 2.52% | — | 3.25% |
| Bank Kerjasama Rakyat Malaysia Berhad | 2.60% | — | 3.40% |
| Bank Muamalat Malaysia Berhad | 2.56% | — | 3.56% |
| Bank of China (Malaysia) Berhad | 2.55% | 5.35% | 3.55% |
| Bank Simpanan Nasional | 2.60% | — | 3.10% |
| CIMB Bank Berhad | 2.75% | 5.60% | 3.50% |
| CIMB Islamic Bank Berhad | 2.75% | — | 3.50% |
| Citibank Berhad | 2.40% | 5.55% | 3.20% |
| Hong Leong Bank Malaysia Berhad | 2.63% | 5.64% | 3.50% |
| Hong Leong Islamic Bank Berhad | 2.63% | — | 3.35% |
| HSBC Amanah Malaysia Berhad | 2.39% | — | 3.50% |
| HSBC Bank Malaysia Berhad | 2.39% | 5.49% | 3.50% |
| Industrial and Commercial Bank of China (Malaysia) Berhad | 2.52% | 5.45% | 3.47% |
| Kuwait Finance House (Malaysia) Berhad | 2.25% | — | 3.30% |
| Malayan Banking Berhad | 1.75% | 5.40% | 3.25% |
| Maybank Islamic Berhad | 1.75% | — | 3.25% |
| MBSB Bank Berhad | 2.65% | — | 3.20% |
| OCBC Al-Amin Bank Berhad | 2.58% | — | 3.45% |
| OCBC Bank (Malaysia) Berhad | 2.58% | 5.51% | 3.45% |
| Public Bank Berhad | 2.27% | 5.47% | 3.10% |
| Public Islamic Bank Berhad | 2.27% | — | 3.10% |
| RHB Bank Berhad | 2.50% | 5.45% | 3.50% |
| RHB Islamic Bank Berhad | 2.50% | — | 3.50% |
| Standard Chartered Bank Malaysia Berhad | 2.27% | 5.45% | 3.50% |
| Standard Chartered Saadiq Berhad | 2.27% | — | 3.50% |
| United Overseas Bank (Malaysia) Bhd. | 2.61% | 5.57% | 3.36% |
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