Keeping inflation at bay

Surprise move: Bank Negara jolted many in the local economic and monetary spheres earlier this week by raising the OPR by 25 basis points to 3%.

Bank Negara’s latest rate hike is controlling price pressures in more ways than one

EARLIER this week, Bank Negara surprised many in the local economic and monetary spheres by having its Monetary Policy Committee (MPC) raise its overnight policy rate (OPR) by 25 basis points to 3%.