In short, a definition for OPR (a.k.a. Overnight Rate in most countries) is regarded as “the rate that large banks use to borrow and lend from one another on the interbank market”. In Malaysia, the rate is regulated by Central Bank.

And, the movement of OPR will have direct and positive influence the movement of Base ‘.Lending Rate (BLR).

Since the OPR has been reduced, then soon the financial institutions will also reduce the BLR, and the people will enjoy a lower interest rate.

On the other hand, SRR is regarded as the minimum percentage out of the total deposit received that need to maintain by financial institutions.

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US legislators approved a massive government bailout of the ailing automotive industry as a raft of fresh data further evidence of a deep and painful global recession.

South Korea cut its key interest rate to a record low, Australia announced its highest monthly unemployment figures for a year and the Asian Development Bank said growth in Asia would slow next year.

China, which on Wednesday Dec 10th 2008, announced its first fall in exports in seven years, in a sign the global slowdown is hurting exports.

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Popularity: 3% [?]