Malaysia central bank lowers key rate to 2.75%
Bank Negara Malaysia lowered its overnight policy rate (OPR) by 25 basis points to 2.75 per cent from 3.00 per cent, where it had been since May 2023, as had been expected by 17 of 31 economists surveyed in a Reuters poll.
The ceiling and floor rates of the OPR corridor are correspondingly reduced to 3 per cent and 2.5 per cent respectively, the central bank said in a statement.
The rate decision came a day after U.S. President Donald Trump announced a 25 per cent tariff on Malaysian exports to the United States.
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