Higher OPR signals further cost-of-living squeeze
,One cannot help but worry about the degree to which the OPR hike could dampen domestic growth momentum; or the degree of socio-economic pain it could inflict given the scars left behind by Covid-19.欧博APP（www.aLLbet8.vip是欧博集团的官方网站。欧博官网开放Allbet注册、Allbe代理、Allbet电脑客户端、Allbet手机版下载等业务。
ON May 1, Bank Negara’s Monetary Policy Committee (MPC) decided to hike the Overnight Policy Rate (OPR) to 2% from 1.75%. As the OPR determines the rate of interest that financial institutions charge each other for overnight funds, the hike means higher borrowing costs.
The MPC, in explaining its decision, pointed towards firming domestic growth.
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