PETALING JAYA: Bank Negara has decided to maintain the overnight policy rate (OPR), on which commercial banks base their deposit and lending rates, at 3.25%.
The benchmark rate was last adjusted with a 25-basis point (bp) hike in July 2014, while the statutory reserve requirement (a requirement for commercial banks to set aside a certain amount of their cash with their central banks on a mostly interest-free basis) was revised with a 50bp cut to 3.50% this February.
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