Saturday, July 10, 2010

O.P.R.

BNM Monetary Policy Committee decided to increase the OPR by 25 basis points to 2.75% on July 8th 2010

Thus the floor rate is 2.5% and ceiling rate is 3%

I would envisage the OPR increase would halt at this point taking into consideration PM Najib's advise on the impending slower 2nd quarter growth.

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