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Held Steady Amidst inflation risk
Description
Bank Negara Malaysia has maintained the overnight policy rate (OPR) at 2.75% following its Monetary Policy Committee (MPC) ON 9 March 2023. This is the second consecutive time BNM had maintained its benchmark interest rate after raising it by 100 basis points in 2022 in a bid to tame rising inflation and in response to the US Federal Reserve’s aggressive rate hikes. The central bank says the current OPR remains accommodative and supportive of economic growth.
Keywords & Tags
#Category:category=Business
#Category:category=English
#Channel:channel=Awani
#Language:language=English
#Show:show=Niaga AWANI
#Tags:awani_tags= Monetary Policy Committee
#Tags:awani_tags= US Federal Reserve
#Tags:awani_tags= accommodative
#Tags:awani_tags= benchmark interest rate
#Tags:awani_tags= economic growth
#Tags:awani_tags= inflation
#Tags:awani_tags= overnight policy rate
#Tags:awani_tags=Bank Negara Malaysia
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