Malaysian central bank makes surprise rate rise

bank-negara-malaysia

On May 11, Bank Negara Malaysia raised its overnight policy rate (OPR) by 25 basis points to 2%, in a pre-emptive move to fight inflation that surprised markets. 

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

Headline inflation is projected to average 2.2–3.2% in 2022, the central bank said. In March, inflation rose to 2.2% year-on-year, driven by higher food and non-alcoholic drinks prices, which increased by 4%. 

Over the course of the Covid-19

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: