For those of us who keep constant look-out on the OPR, the good news is that the guys at BNM has decided to keep the interest rate unchanged at 2.0%.
24 November 2009: At the Monetary Policy Committee (MPC) meeting today, Bank Negara Malaysia decided to leave the Overnight Policy Rate (OPR) unchanged at 2.00 percent.
The latest indicators have continued to signal further improvements in the international economic and financial conditions. Economic activity in the advanced economies has shown broader signs of recovery, supported by the impact of the policy measures, while several regional economies have recorded positive growth in the third quarter. While these positive developments are expected to continue going into 2010, the recovery is likely to be gradual and uneven, with the outlook remaining uncertain once the effects of the policy support begin to diminish.
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