KUALA LUMPUR: Bank Negara raised the overnight policy rate (OPR) by another 25 basis points (bps) to 2.25% following the conclusion of its latest monetary policy committee (MPC) meeting, in line with the expectations of most economists.
In a statement, the central bank said the ceiling and floor rates of the corridor of the OPR are correspondingly increased to 2.5% and 2% respectively.
Already a subscriber? Log in.
Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.
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!
