Bank Negara Interest Rate Cut

The central bank will reduce its overnight policy rate by 25 basis points to 1 75 the lowest in records dating back to 2004 according to 14 of the 25 economists surveyed by bloomberg.

Bank negara interest rate cut. 1300 88 5465 bnmtelelink 603 2698 8044 general line bnmtelelink bnm gov my. The bank added that the cumulative 125bps reduction in the key interest rate so far this year will continue to. Nearly all of the 14 economists in a reuters poll had expected bnm to keep the rate unchanged. The central bank of malaysia left its key overnight policy rate unchanged at 1 75 percent on september 10th 2020 compared to market forecasts for a 25bps cut saying the current monetary policy stance remains appropriate and accomodative given the outlook for growth and inflation.

This is the fourth time the opr has been decreased this year pushing it to a record low. Bank negara malaysia bnm announced another reduction of the overnight policy rate opr by 25 basis points to 1 75 on july 7 2020. The cut brings bank negara malaysia s bnm overnight policy rate myintr eci down to 2 75. As malaysia s central bank bank negara malaysia promotes monetary stability and financial stability conducive to the sustainable growth of the malaysian economy.

Bank negara malaysia s monetary policy committee has reduced the overnight policy rate by 25 basis points to 2 50 per cent.