Tag "Overnight Policy Rate"
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BNM cuts OPR by 25 bp to 2.50%
KUALA LUMPUR: The Monetary Policy Committee (MPC) of Bank Negara Malaysia (BNM) decided to reduce the Overnight Policy Rate (OPR) by 25 basis points to 2.50% at its meeting today. In a statement today, BNM said the ceiling and floor
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RHB Bank profits soar to RM2.48 bil last year compared to 2018
KUALA LUMPUR: RHB Bank Bhd’s net profit jumped 7.7% to RM2.48 billion, for the financial year ended Dec 31, 2019, compared with RM2.31 billion in the year before. The better performance was mainly due to higher net income, lower expected
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Bank Islam reduces rates by 25 basis points
KUALA LUMPUR: Bank Islam Malaysia Bhd will revise its Base Rate (BR) and Base Financing Rate (BFR) following Bank Negara Malaysia´s (BNM) decision to reduce the Overnight Policy Rates (OPR) by 25 basis points to 2.75% from three per cent.
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Lim: Power transition should be discussed internally
PUTRAJAYA: Discussions on the power transition for the prime minister’s post should be done internally, said DAP secretary-general Lim Guan Eng. “Having a public spat will only benefit our opponents. So, let us focus on governing and this issue will
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BNM cuts OPR to 2.75% as pre-emptive measure
KUALA LUMPUR: Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) has decided to reduce the Overnight Policy Rate (OPR) to 2.75% from 3.0% as a pre-emptive measure to secure improving growth trajectory amid price stability. It said downside risks remain
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