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Overnight Policy Rate |
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Overnight Policy Rate (OPR) is the interest rate at which a depository institution lends immediately available funds (balances within the central bank) to another depository institution overnight. This is an efficient method for banks around the world to practice 'Accessing short-term financing' from the central bank depositories. The interest rate of the OPR is influenced by the central bank, where it is a good predictor for the movement of short-term interest rates. In Malaysia,
changes in the OPR trigger a chain of events that affect
Base Lending Rate (BLR), short-term
interest rates, fixed deposit rate, foreign exchange rates, long-term interest rates, the amount
of money and credit, and, ultimately, a range of economic variables,
including employment, output, and prices of goods and services which is the
micro and macro factors on the economic. The BLR is usually adjusted at the time in correlation to the adjustments of
the OPR which is determine by Bank Negara Malaysia (BNM) during
Monetary Policy Meeting. |
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Last Reported OPR : 3.00% (Effective Since 05 May 2011) |
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(Rate refreshed on 09 May 2013) |
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