My Market Outlook (very humble opinion nia...)

I don't usually blog about politics or the economic, but I'm gonna right now.

Our Central Bank cuts Overnight Policy Rate (OPR) by 75 basis point to 2.5%.
In my very humble opinion this is a HUGE cut !
Great news for people with borrowings cause Bank loan is gonna be cheap, and I mean dirt cheap.
Base Lending Rate (BLR) was adjusted to 6.5% on 1 Dec 2008 from 6.75%. Banks are currently lending at BLR - 2%, which means borrowers only pay 4.5% pa !!!
Back track, 15 years ago......Lending rate was like more than 10% !!!!!! insane.
With the further cut in OPR, we are gonna see further drop in lending rate.

Sad news for FD depositors, as the interest rate gonna be a real 'kacang putih'.
So kacang putih, your interest ain't getting you anywhere, you might as take put your cash and go for a holiday.

I'm happy that I bought my Euros and USD on time before the announcement.