Thursday, May 13, 2010

Overnight policy rate raised 25 basis points to 2.50%


Oh no...blr going to increase soon??? Really not a good news at these times... :(

Bank Negara has raised the country's overnight policy rate by 25 basis points or 0.25%, to 2.50%.

The move was to further normalise monetary conditions, governor Tan Sri Dr Zeti Akhtar Aziz told a press conference here Thursday.


She said the stance of monetary policy continued to remain accommodative and supportive of economic growth.

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