SIXTEEN out of 18 economists expected the overnight policy rate (OPR) to be maintained at 2.75%, but Bank Negara Malaysia unexpectedly raised it to 3%.
The reasons given, among others, were that the economy was resilient and persistent inflation needed to be managed.
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!
