Govt does not interfere in OPR decisions, says finance minister

KUALA SELANGOR, Sept 19 — The government does not intervene in decisions on the overnight policy rate as this is determined by Bank Negara Malaysia’s monetary policy committee , said Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.

"Many say the government prioritises the banks , but this is not a government decision, and neither does the government interfere in this matter. This should be corrected. Tengku Zafrul said the country's OPR is now at 2.5 per cent after BNM raised 75 basis points since January compared to 3 per cent before the Covid-19 pandemic.

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