Malaysia’s Central Bank Lifts Overnight Policy Rate By 25 Basis Points To 2.75 Pct As Expected
KUALA LUMPUR, Nov 3 (NNN-Bernama) — Central bank of Malaysia has raised the overnight policy rate (OPR) by 25 basis points (bps) to 2.75 per cent, the fourth consecutive hike since May this year as the central bank’s monetary policy committee (MPC) decided to further adjust the degree of monetary accommodation.
In wrapping up its last meeting of the year, the central bank said the ceiling and floor rates of the corridor of the OPR are correspondingly increased to 3.00 per cent and 2.50 per cent, respectively.