KUALA LUMPUR: Bank Negara has cut the Overnight Policy Rate (OPR) by 25 basis points to 2.75% at its July Monetary Policy Committee (MPC) meeting, marking the first rate adjustment since May 2023.
The latest move by Bank Negara was broadly in line with market expectations, following a Bloomberg poll that showed economists were split, with 12 out of 23 forecasting a cut, while the rest expected no change.
While domestic inflation remains contained, the outlook is clouded by rising external uncertainties such as tariff actions and geopolitical tensions.
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