Malaysia records lower total foreign inflow of RM23.5m | Malay Mail

On January 22, BNM's Monetary Policy Committee decided to reduce the OPR as a pre-emptive measure to secure improving growth trajectory amid price stability. — Picture by Yusof Mat Isa

Speaking to Bernama, he said markets were cautious about the coronavirus which stemmed from Wuhan, China, throughout last week, ahead of the Chinese New Year holiday. On January 22, BNM's Monetary Policy Committee decided to reduce the OPR as a pre-emptive measure to secure improving growth trajectory amid price stability.

Following the reduction in the benchmark interest rate, the ceiling and floor rates of the corridor of the OPR were correspondingly reduced to 3.00 per cent and 2.50 per cent, respectively. However, WHO director-general Tedros Adhanom Ghebreyeus said he would reconvene the committee in a matter of days should the situation worsen.

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