KUALA LUMPUR: Bank Negara Malaysia has cut the Overnight Policy Rate (OPR) by 25 basis points to 2.75 per cent, marking its first policy shift in over two years and aligning with market expectations.

The central bank had kept the benchmark rate at 3.00 per cent for 12 consecutive meetings since May 2023, as it sought to strike a balance between supporting economic growth and managing inflation risks.