Thursday, May 5, 2011

#Flash* BNM ups OPR by 50bps to 3%

KUALA LUMPUR: Bank Negara Malaysia raised the Overnight Policy Rate (OPR) by 25 basis points to 3%.

The central bank said on Thursday, May 5 the decision was made at the Monetary Policy Committee (MPC) meeting.

The floor and ceiling rates of the corridor for the OPR are correspondingly raised to 2.75% and 3.25% respectively.

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