Bank Negara maintains OPR at 1.75% at March MPC meeting

KUALA LUMPUR: Bank Negara has maintained its overnight policy rate (OPR) at 1.75%, in line with the consensus expectation of economists surveyed in a Bloomberg poll.

The interest rate has stayed at an all-time low of 1.75% since July 7, 2020, after it was cut from 2% to provide additional policy stimulus in light of the Covid-19 pandemic.