Tag: BNM
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BNM Mandates 15-Min Financial Education for Personal Loans Over RM100K
New Rule Sets Financial Literacy Benchmark for High-Value Personal Loans Starting January 1, 2027, borrowers in Malaysia seeking personal financing above RM100,000 must complete a 15-minute financial education module, a policy announced by Bank Negara Malaysia (BNM). The move aims to bolster financial literacy among consumers taking on larger debt and to ensure borrowers understand…
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BNM Introduces 15-Minute Financial Education for Personal Loans Over RM100K
BNM mandates financial education for high-value personal loans Bank Negara Malaysia (BNM) has announced a revised policy requiring applicants for personal financing exceeding RM100,000 to complete a 15-minute financial education module. The policy, set to take effect on January 1, 2027, aims to improve financial literacy and ensure borrowers understand the commitments and risks associated…
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BNM Keeps Policy Rate Steady as Malaysia’s Economy Holds Up
BNM Set to Hold Policy Rate Amid Steady Growth Bank Negara Malaysia (BNM) is expected to keep its benchmark policy rate unchanged in the upcoming monetary policy decision, underscoring a broader theme of economic resilience. With growth cooling yet remaining robust, inflation well-contained, and the ringgit strengthening, the central bank appears ready to preserve its…
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BNM to Keep Policy Rate Steady as Malaysia Supports Growth and Ringgit Stabilizes
BNM Set to Hold Policy Rate Amid Resilient Growth Bank Negara Malaysia (BNM) is widely anticipated to keep the benchmark interest rate unchanged when it meets this week, signaling confidence in Malaysia’s economic trajectory despite an environment of global tightening. With growth looking stable, inflation contained, and the ringgit firming, the central bank is positioned…