Monetary policy adjustment critical, says Bank Negara governor

KUALA LUMPUR: The adjustment of the monetary policy is absolutely critical to avoid the need to be overly aggressive in raising interest rates, says Bank Negara Malaysia governor Tan Sri Nor Shamsiah Mohd Yunus.

However, she said the pace would be gradual, after the central bank raised the Overnight Policy Rate (OPR) by 25 basis points on May 11, which took the market by surprise.