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Monday, May 4, 2009

Overnight Policy Rate (OPR) at a record-low of 2%

OPR unchanged. Bank Negara Malaysia (BNM) maintained the
Overnight Policy Rate (OPR) at a record-low of 2% after the Monetary
Policy Committee (MPC) meeting yesterday (29 Apr ‘09). Earlier, the
OPR was cut three times by total of 150bps between Nov ’08 and Feb
’09. The latest move was not that surprising after the “not so subtle
hint” contained within recent comments by the central bank’s Governor

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