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The interest rate of the OPR is influenced by the central bank, where it is a good predictor for the movement of short-term interest rates. In 2014, Malaysia's central bank raised its key interest rate for the first time in more than three years, to help temper inflation and rising consumer debt. [2]
This is a list of countries by annualized interest rate set by the central bank for charging commercial, ... Malaysia: 3.00 0.25: 3 May 2023 [60] 1.36 1.64
Commercial bank prime lending rate Date of information 1 Madagascar: 64.00: 31 December 2017 est. 2 Brazil: 10.50: 08 May 2024 3 Congo, Democratic Republic of the: 35.90: 31 December 2017 est. 4 Syria: 33.30: 31 December 2017 est. 5 Gambia, The: 30.60: 31 December 2017 est. 6 Tajikistan: 30.00: 31 December 2017 est. 7 Ghana: 8 Mozambique: 27.00 ...
Malaysia's central bank cut its key interest rate to the lowest in 10 years on Tuesday, as it aimed to soften the blow from the coronavirus oubreak on the country's exports and tourism. Bank ...
The Overnight Policy Rate remains the sole indicator of the monetary policy stance while short-term and long-term interest rates at other maturities will continue to be market determined, reflecting overall demand and supply conditions as well as prevailing interest rate expectations in the financial market.
The Central Bank of Malaysia (BNM; Malay: Bank Negara Malaysia; Jawi: بڠک نݢارا مليسيا ) is the Malaysian central bank.Established on 26 January 1959 as the Central Bank of Malaya (Bank Negara Tanah Melayu), its main purpose is to issue currency, act as the banker and advisor to the government of Malaysia, and to regulate the country's financial institutions, credit system and ...