In a surprise move, Bank Negara Malaysia (BNM) announced its first interest rate hike of the year, raising the Overnight Policy Rate (OPR) by 25 basis points to 3%. This comes after the central bank held off on raising interest rates in its January 19 and March 19 meetings, maintaining the rate at 2.75%. BNM … Continue reading Bank Negara Increases OPR To 3%