Overnight Policy Rate

E806321

The Overnight Policy Rate is Malaysia’s key short-term interest rate benchmark that guides the stance of monetary policy and influences broader borrowing costs and liquidity in the financial system.

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Label Occurrences
Overnight Policy Rate canonical 1

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Statements (50)

Predicate Object
instanceOf policy interest rate
short-term interest rate benchmark
administeredBy Bank Negara Malaysia
affects commercial bank lending rates
deposit rates
financing costs for businesses
financing costs for households
interbank overnight rate
overall monetary conditions in Malaysia
alsoKnownAs OPR
appliesTo ringgit-denominated interbank transactions
benchmarkFor Malaysian money market rates
base lending rate mechanisms
base rate mechanisms
componentOf Malaysia’s monetary policy framework
country Malaysia
currency Malaysian ringgit
decisionBasis assessment of economic growth outlook
assessment of external economic conditions
assessment of financial stability risks
assessment of inflation outlook
decisionFrequency regularly at Monetary Policy Committee meetings
hasDomain banking
macroeconomics
monetary policy
influences credit growth in Malaysia
domestic demand in Malaysia
exchange rate pressures on the ringgit
inflation in Malaysia
introducedBy Bank Negara Malaysia
jurisdiction Malaysia
legalAuthority Central Bank of Malaysia Act 2009
monitoredBy businesses in Malaysia
financial institutions in Malaysia
households in Malaysia
investors in Malaysian financial markets
objective support price stability
support sustainable economic growth
primaryFunction anchor short-term interest rates in the money market
guide stance of monetary policy in Malaysia
influence borrowing costs in the economy
influence liquidity conditions in the financial system
region Southeast Asia
relatedTo Malaysian Government Securities yields
Malaysian Islamic money market rates
Statutory Reserve Requirement of Malaysia
setBy Bank Negara Malaysia Monetary Policy Committee
timeHorizon short term
typeOf central bank policy rate
usedBy Bank Negara Malaysia

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