Bank Negara raises OPR to 3 percent
Published: May 3, 2023 7:15 AM | Updated: May 3, 2023 7:36 AM
Bank Negara Malaysia has raised the overnight policy rate by 25 basis points to 3 percent, marking a return to pre-pandemic interest rates.
The central bank said the ceiling and floor rates of the corridor of the OPR are correspondingly increased to 3.25 percent and 2.75 percent respectively...
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