Bank Negara announced that the OPR will be maintained at 2.75% for a second straight meeting, after it raised the benchmark rate by 100 bps last year from 1.75%.
KUALA LUMPUR: Bank Negara stayed the overnight policy rate (OPR) at 2.75% for the second consecutive meeting after raising the benchmark lending rate by 100 basis points (bps) last year.
The move met market expectations as a Reuters poll of economists showed 16 of 27 economists had projected the central bank would leave the benchmark interest rate unchanged.
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