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.

KUALA LUMPUR: Bank Negara Malaysia's (BNM) decision to lower the Overnight Policy Rate (OPR) by 25 basis points to 2.75 per cent is a prudent and proactive measure amid global economic uncertainties.

Bank Negara Malaysia has reduced the OPR to 2.75% to support growth as global risks persist. The post Bank Negara Cuts OPR By 25 Base Points To 2.75% appeared first on iMoney Malaysia.

BNM said the ceiling and floor rates of the corridor of the OPR are correspondingly reduced to three per cent and 2.5 per cent, respectively.