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Sunday, May 31, 2009

Overnight Policy Rate (OPR) Stays at 2%

No change in OPR as widely expected. Bank Negara Malaysia
(BNM) left the Overnight Policy Rate (OPR) at a record-low of 2% after
the Monetary Policy Committee meeting yesterday (26 May ‘09), as it
did on 29 Apr ‘09. Previously, the OPR was lowered by a total of 150
bps on three occasions between Nov ’08 and Feb ’09

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