KUALA LUMPUR: Bank Negara has decided to increase the overnight policy rate (OPR) by 25 basis points to 2% - its first rate hike since July 2020.
In a Monetary Policy Statement (MPS), the central bank said the ceiling and floor rates of the corridor of the OPR are correspondingly increased to 2.25% and 1.75%, respectively.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
