Tag - overnight policy rate

Bank Negara cuts OPR to 2.75% in first rate move since May 2023

KUALA LUMPUR: Bank Negara has cut the Overnight Policy Rate (OPR) by 25 basis points to 2.75% at its July Monetary Policy Committee (MPC) meeting, marking the first rate adjustment since May 2023. The latest move by Bank Negara was broadly in line with market expectations, following a Bloomberg poll that showed economists were split, with...

Interest rates unlikely to be cut

PETALING JAYA: If the 24% reciprocal tariff by the United States on Malaysia were to take effect in the near term, this will raise the chances of Bank Negara revising the benchmark lending rate – the overnight policy rate (OPR). Most experts, however, said the central bank is unlikely to lower the rates solely on tariffs...