Malaysia's central bank raised its key interest rate by a quarter-point for the second straight meeting on Wednesday and signaled a gradual tightening going forward.
The Monetary Policy Committee of Bank Negara Malaysia decided to increase the benchmark Overnight Policy Rate by 25 basis points to 2.25 percent.
The ceiling and floor rates of the corridor of the OPR were correspondingly increased to 2.50 percent and 2.00 percent, respectively.
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