Overnight Policy Rate is Up! What Does This Mean?
Geoffrey Williams, Economist, Malaysia University of Science and Technology (MUST)
18-May-22 12:00
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After weeks of anticipation, Bank Negara recently announced that the Overnight Policy Rate (OPR) would be increased by 25 basis points (bps) to 2.0% after two years anchored at 1.75% due to the pandemic. While the change seems small in terms of numbers, its impact is predicted to be quite significant on borrowers, customers, home owners, and especially businesses. We speak to an economist on the decision to change the OPR and what it means for different segments of the Malaysian population.
Image Credit: Shutterstock | Adny
Produced by: Arvindh Yuvaraj
Presented by: Freda Liu, Christine Wong
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Categories: economy, government, Law/Activism, investments, young finance, financial wellness, SME, entrepreneurs, markets
Tags: economy, finance, interest rates, pandemic,