nampaknya bank negara dah cut rate given the risk of recession....negara2 lain cam uk, japan, spore sume dah enter into recession kan..
KUALA LUMPUR, Nov 24 (Bernama) -- Bank Negara Malaysia, at its Monetary and Policy Committee (MPC) meeting Monday, decided to reduce the overnight policy rate (OPR) to 3.25 percent from 3.50 percent.
The ceiling and floor rates of the corridor for the OPR are correspondingly reduced to 3.50 percent and 3.00 percent respectively, the central bank said in a statement.
Since the previous MPC meeting, the outlook for global growth has deteriorated further, Bank Negara said.
Several major advanced economies are now in recession amid severe stress in their respective financial systems, it said.
KUALA LUMPUR, Nov 24 (Bernama) -- Bank Negara Malaysia, at its Monetary and Policy Committee (MPC) meeting Monday, decided to reduce the overnight policy rate (OPR) to 3.25 percent from 3.50 percent.
The ceiling and floor rates of the corridor for the OPR are correspondingly reduced to 3.50 percent and 3.00 percent respectively, the central bank said in a statement.
Since the previous MPC meeting, the outlook for global growth has deteriorated further, Bank Negara said.
Several major advanced economies are now in recession amid severe stress in their respective financial systems, it said.
