The OPR is an interest that is overnight set by BNM. It really is an interest rate a debtor bank has got to spend to a respected bank for the funds borrowed. The OPR, in change, has an impact on employment, economic growth and inflation. It really is an indicator associated with the ongoing wellness of a country’s overall economy and bank system.
22 January 2020: Bank Negara cuts rate that is OPR 2.75per cent
IMPROVE: The Monetary Policy Committee (MPC) of Bank Negara Malaysia chose to reduce steadily the Overnight Policy Rate (OPR) to 2.75 %. The roof and flooring rates of this corridor of this OPR are correspondingly paid off to 3.00 per cent and 2.50 per cent, correspondingly.
The modification towards the OPR is just a measure that is pre-emptive secure the increasing growth trajectory amid cost security. Only at that present degree of the OPR, the MPC considers the stance of financial policy become appropriate in sustaining financial development with cost security.
Supply: Bank Negara Malaysia
7 May 2019: Bank Negara cuts rate that is OPR 3%
The relocate to slice the price to 3% is an answer towards just just what appears like a poor economic perspective, with moderate financial task in the 1st quarter of 2019. (more…)