Task force wants Bank Negara, Statistics Dept to explain for OPR increase, says Annuar

PUTRAJAYA: The special task force to address inflation has asked Bank Negara Malaysia and the Department of Statistics to provide clarification to the people on the justification for the increase in the overnight policy rate (OPR), says its chairman Tan Sri Annuar Musa.

Annuar, who is also Communications and Multimedia Minister, said the people needed to be given a proper understanding of the decision to increase the OPR by 25 basis points to 2.25% on Wednesday (July 6).