BNM's consecutive OPR cut due to intensifying global, domestic challenges

Bank Negara Malaysia’s (BNM) consecutive Overnight Policy Rate (OPR) cuts are mainly due to intensifying challenges on both global and domestic fronts following the Covid-19 crisis, said MIDF Research.

BNM today announced an OPR cut of 50 basis points (bps), bringing it down to 2.00 percent - the third cut so far this year....