OPR will continue to support growth

  • Business
  • Saturday, 06 Mar 2010

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.

ABM said the increase in OPR would not impede access to financing, nor affect the industry’s lending activities.

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