Bank Negara to assess impact of 100bps OPR increase before taking further action


KUALA LUMPUR: Bank Negara Malaysia (BNM) will assess the impact of raising the overnight policy rate (OPR) by 100 basis points (bps) in 2022 on the Malaysian economy before taking any further action, said assistant governor Fraziali Ismail.

He said that the OPR was gradually increased to 2.75 per cent and the central bank must evaluate its effects on the current state of the economy.

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BNM , OPR , Fraziali Ismail , Monetary Policy , economy , MEA

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