BNM cuts OPR by 50bhps to 2%
Filed Under (Bank Negara) by Webmaster on 25-02-2009
Tagged Under : bank negara malaysia, BNM, cuts, opr, overnight policy rate
Bank Negara Malaysia (BNM) on 24th February 2009 cuts the Overnight Policy Rate (OPR) by 50 basis points (bps) to 2% due to rising concern about the country’s economic growth.
BNM also cuts its statutory reserve requirement by 100bps to 1% and said measures would be introduced to ensure continuous access to credit. The last cut was at 75bps in January.
