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Bank Negara raises OPR by 25bps to 2.5%, as expected

Bank Negara raises OPR by 25bps to 2.5%, as expected

Bank Negara Malaysia's Monetary Policy Committee raised the overnight policy rate by 25 basis points to 2.5%, in line with economists' expectations. This is the third consecutive rate hike this year, bringing the total increase to 75 basis points as the country's economic growth and inflation gain momentum.
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