Official Statement by Bank Negara Tuesday, 24 February 2009At the Monetary Policy Committee (MPC) meeting today, Bank Negara Malaysia decided to reduce the Overnight Policy Rate (OPR) by 50 basis points to 2.00 percent. The ceiling and floor rates of the corridor for the OPR are correspondingly reduced to 2.25 percent and 1.75 percent respectively. The Statutory Reserve Requirement (SRR) is
