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.
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