BNM boosts OPR by an additional 25 basis points to 2.25 percent

Today, the Bank Negara Malaysia's monetary policy committee (MPC) stated that it......

had increased the overnight policy rate (OPR) by 25 basis points to 2.25 percent.

This occurred as the cost of food and energy increased. It stated in a statement that....

"the ceiling and floor rates of the corridor of the OPR are proportionately increased to 2.5 per. and 2 per., respectively."

BNM observed that the improvement in labour market conditions and the reopening of the global economy......

both continued to promote the resumption of economic activity in a statement released following the MPC meeting today.

Despite some improvement in global supply chain conditions, the central bank highlighted that inflationary pressures.......

have continued to rise primarily because of high commodity prices and robust demand conditions.

The rate of global expansion is anticipated to slow down going forward, and the high cost will still have an impact, according to BNM.