The reduction in the OPR surprised economists who expected the MPC to retain the OPR at 3%.
KUALA LUMPUR: Bank Negara Malaysia's Monetary Policy Committee (MPC) reduced the Overnight Policy Rate (OPR) by 25 basis points to 2.75% -- the lowest since 2011.
The reduction in the OPR surprised economists who expected the MPC to retain the OPR at 3%.
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!
