25 basis points to

BNM has raised the OPR by 25 basis points to 2.75 pct, the fourth consecutive hike since May this year as the central bank's MPC decided to further adjust the degree of monetary accommodation.

BNM said the ceiling and floor rates of the corridor of the OPR are correspondingly increased to 2.75 pct and 2.25 pct respectively.

Annuar said that the people needed to be given a proper understanding of the decision to increase the OPR by 25 basis points to 2.25 pct.

At the current OPR level, the stance of monetary policy remains accommodative and supportive of economic growth, BNM said.

The ceiling and floor rates of the corridor of the OPR are correspondingly increased to 2.25 pct and 1.75 pct, respectively.

At the Monetary Policy Committee (MPC) meeting today, Bank Negara Malaysia decided to increase the Overnight Policy Rate (OPR) by 25 basis points to 3.25 percent.

HSBC Global Research expects BNM to cut the overnight policy rate by another 25 basis points to 2.75 per cent at its last Monetary Policy Committee meeting of the year in Nov 23, 2016.

BNM said the stance of monetary policy remained supportive of the economy.

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