Bank Negara maintains OPR at 2.75%

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.