KUALA LUMPUR: The decision to cut the overnight policy rate (OPR) is a pre-emptive action to ensure that the economy continues to remain on a steady growth path, said Bank Negara governor Datuk Muhammad Ibrahim.
“It’s not that we expected growth to be weaker in the second half. We anticipate it to be stronger and that growth for the whole year is expected to remain between 4% and 4.5%.
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