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Bank Negara lowers OPR by 25bps to 2.5%
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Publish date: Tue, 03 Mar 2020, 03:14 PM
KUALA LUMPUR: The Monetary Policy Committee (MPC) of Bank Negara Malaysia decided to reduce the Overnight Policy Rate (OPR) by 25 basis points to 2.50%.
It said the ceiling and floor rates of the corridor of the OPR are correspondingly reduced to 2.75% and 2.25%, respectively.
The reduction in the OPR is intended to provide a more accommodative monetary environment to support the projected improvement in economic growth amid price stability. The MPC will continue to monitor and assess the balance of risks surrounding the outlook for domestic growth and inflation.
The reduction in the OPR is intended to provide a more accommodative monetary environment to support the projected improvement in economic growth amid price stability. The MPC will continue to monitor and assess the balance of risks surrounding the outlook for domestic growth and inflation.
https://www.thestar.com.my/business/business-news/2020/03/03/bank-negara-lowers-opr-by-25bps-to-25
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should you buy banking stocks now! Well, if you are confident BN already hit their bottom! Decision is yours!
2020-03-03 15:52
The situation is different as this is to combat the economy downturn due to COVID-19 and not the property market per se.
2020-03-03 17:10
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Don' think BN will go lower after this!
2020-03-03 15:51