10 May 2022 - Bank Negara Malaysia (BNM), in its 3rd Monetary Policy Meeting for the year, increased the overnight policy rate (OPR) by 25 basis points to 2%.

Explain what will be the impact to domestic business activities? (money market, asset market, labour market, goods and services market)

Support your discussion with facts and data from Malaysia. (current situation)

P/S : the opr was reduced during covid 19 pandemic (from 3.00% - 1.75%)

since july 2020 opr was not increased. on 10/5/22 the central bank decided to increase the opr due to inflationary struggles

the countrie's economy is currently stable and GDP is steadily increasing since last year.