Higher OPR signals further cost-of-living squeeze - The Star Online
7/1/2022 12:00:00 AM2 years 10 months ago
by Quah Boon Huat
by Quah Boon Huat
ON May 11, Bank Negara’s Monetary Policy Committee (MPC) decided to hike the Overnight Policy Rate (OPR) to 2% from 1.75%. As the OPR determines the rate of interest that financial institutions charge each other for overnight funds, the hike means higher borr…
ON May 11, Bank Negaras Monetary Policy Committee (MPC) decided to hike the Overnight Policy Rate (OPR) to 2% from 1.75%. As the OPR determines the rate of interest that financial institutions charge… [+149 chars]
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