The OPR is definitely an interest that is overnight set by BNM. It really is an interest rate a debtor bank has got to spend to a leading bank for the funds lent. The OPR, in change, has an impact on work, financial development and inflation. It’s an indication for the wellness of a country’s overall economy and bank operating system.
22 January 2020: Bank Negara cuts rate that is OPR 2.75percent
IMPROVE: The Monetary Policy Committee (MPC) of Bank Negara Malaysia made a decision to reduce steadily the Overnight Policy Rate (OPR) to 2.75 %. The roof and flooring rates associated with the corridor regarding the OPR are correspondingly paid off to 3.00 % and 2.50 %, correspondingly.