Bank Negara raises OPR by 25bps to 2.25%

KUALA LUMPUR: Bank Negara raised the overnight policy rate (OPR) by another 25 basis points (bps) to 2.25% following the conclusion of its latest monetary policy committee (MPC) meeting, in line with the expectations of most economists.

In a statement, the central bank said the ceiling and floor rates of the corridor of the OPR are correspondingly increased to 2.5% and 2% respectively.