PETALING JAYA: Bank Negara has raised the overnight policy rate (OPR) by 25 basis points to 3.5%. The ceiling and floor rates of the corridor for the OPR are correspondingly increased to 3.75% and 3.25% respectively.
The central bank said in a statement yesterday that with strong growth in world trade projected this year, the country would benefit directly through higher exports and better terms of trade due to the higher prices for Malaysia’s commodities.
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