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PETALING JAYA: Bank Negara Malaysia has slashed the overnight policy rate (OPR) by 50 basis points to 2%, its lowest level since 2010.
In a statement, the central bank said the ceiling and floor rates of the OPR corridor have been correspondingly reduced to 2.25% and 1.75% respectively.
Earlier today, Bloomberg reported that the OPR rates were set to be reduced from 2.5% based on a survey of economists.
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