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BNM Raised Opr Rate By 25 Basis Points To 3.25 PCT

113 views · Published 25 January 2018 · 1:04 · Indexed 25 October 2026

Channel: 7Edition · 2018 · News & Politics

Bank Negara (BNM), raised the overnight policy rate, OPR by 25 basis points to 3.25% from 3% at its Monetary Policy Committee (MP), meeting, earlier today.

The last rate hike was on July 10th 2014.

And two years later, the Central Bank cut the OPR from 3.25% to 3% on July 13th, 2016.

BNM, in a statement said, with the OPR hike, the floor and ceiling rates of the corridor for the OPR are raised to 3% and 3.5%, respectively.

It said, the country's economy is on a steady growth path, and the MPC recognises the need to ensure that the stance of monetary policy is appropriate to prevent the build-up of risks that could arise from interest rates being too low for a prolonged period ot time.

BNM said the current OPR level remains accomodative and the MPC will continue to assess the balance of risks, surrounding the outlook for domestic gorwth and inflation.

BNM Raised Opr Rate By 25 Basis Points To 3.25 PCT

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