Bank Negara cuts overnight rate to 2.75pc, in surprise pre-emptive move | Malay Mail

  • 📰 malaymail
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 86%

Malaysia Headlines News

Malaysia Latest News,Malaysia Headlines

KUALA LUMPUR, Jan 22 — Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) has decided to reduce the Overnight Policy Rate (OPR) to 2.75 per cent from 3.0 per cent as a pre-emptive measure to secure improving growth trajectory amid price stability. It said downside risks remain due to...

Wednesday, 22 Jan 2020 04:12 PM MYT

It said downside risks remain due to geopolitical tensions and policy uncertainties in a number of countries, although monetary easing across major economies in the second half of 2019 has helped ease financial conditions and is expected to continue to support economic activity. For Malaysia’s economy, the central bank said the latest indicators and supply disruptions in commodity-related sectors point to the moderate expansion of economic activities in the fourth quarter.

However, downside risks to growth remained and these include uncertainty from various trade negotiations, geopolitical risks, weaker-than-expected growth of major trade partners, heightened volatility in financial markets, and domestic factors that include weakness in commodity-related sectors and delays in the implementation of projects.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in MY

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bank Negara MPC cuts OPR by 25bp to 2.75%, banks under pressureKUALA LUMPUR: Bank Negara Malaysia's Monetary Policy Committee (MPC) reduced the Overnight Policy Rate (OPR) by 25 basis points to 2.75% -- lowest since 2011.
Source: staronline - 🏆 4. / 75 Read more »

CIMB to lower rates across the board after Bank Negara OPR cutKUALA LUMPUR (Bernama): CIMB Group has announced a 0.25% reduction in its rates across the board following Bank Negara Malaysia's (BNM) decision to cut the overnight policy rate (OPR) by 25 basis points to 2.75% from 3% today.
Source: staronline - 🏆 4. / 75 Read more »

Bank Negara reduces OPR to 2.75% | The Malaysian InsightCeiling, floor rates of its corridor down to 3% and 2.5%, respectively.
Source: msianinsight - 🏆 8. / 63 Read more »

'Seolah-olah negara tiada undang-undang'Ipoh “Tidak kira siapa yang bersalah, kedua-duanya disiasat dan jika ada bukti, tindakan akan diambil,” kata Ketua Polis Negara Tan Sri Abdul Hamid Bador.
Source: hmetromy - 🏆 26. / 51 Read more »

Pusat agihan makanan di setiap wilayah di seluruh negara, kata menteri | The Malaysian InsightPusat agihan terbesar terletak di Kajang, Selangor, meliputi kawasan seluas 13,000 kaki persegi.
Source: msianinsight - 🏆 8. / 63 Read more »

CIMB joins Petronas’ VFP as panel bank | Malay MailKUALA LUMPUR, Jan 20 — Petroliam Nasional Bhd (Petronas), CIMB Bank Bhd and CIMB Islamic Bank Bhd have entered into a partnership to offer financing solutions to small and medium enterprise (SME) vendors in the Oil and Gas Service Equipment (OGSE) sector. The collaboration under Petronas Vendor...
Source: malaymail - 🏆 1. / 86 Read more »