Since January, BNM has reduced the overnight policy rates by a cumulative amount of 125 basis points to 1.75%, the lowest in 16 years.
Since January this year, BNM has reduced the overnight policy rates by a cumulative amount of 125 basis points to 1.75%, the lowest in 16 years. Though the moratorium ends on Sept 30, 2020, banking institutions are expected to provide other means of assistance.
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