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Economy And The Numbers

Malaysia Central Bank Hikes Rate Again By 25 Bps

By Renju Jaya   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

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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