PETALING JAYA: Association of Banks in Malaysia (ABM) is confident that the overnight policy rate (OPR), which has been increased by 0.25% from 2%, will continue to be supportive of economic growth in Malaysia.
In a note yesterday, it said with the increase, the OPR remained low compared with the level prior to the reduction of the OPR to its historic low in early 2009 as a key stimulus in the face of a severe global economic downturn.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
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!