Bank Negara says global economic conditions remain weak with global growth projected to be negative for the year. – The Malaysian Insight file pic, July 7, 2020.
BANK Negara Malaysia today reduced its overnight policy rate by another 25 basis points to 1.75%, a record low since the floor was set in 2004. In a statement today, it said the Monetary Policy Committee decided to have the ceiling and floor rates of the corridor of the OPR correspondingly reduced to 2% and 1.5%.
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