Friday, May 14, 2010

Overnight policy rate raised 25 basis points to 2.50%

KUALA LUMPUR: Bank Negara has raised the country's overnight policy rate by 25 basis points or 0.25%, to 2.50%.

The move was to further normalise monetary conditions, governor Tan Sri Dr Zeti Akhtar Aziz told a press conference here Thursday.

She said the stance of monetary policy continued to remain accommodative and supportive of economic growth.

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