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Malaysia has embark on a new interest rate framework on 26 April 2004. The adopted policy rate is Overnight Policy Rate (OPR) as indicator of

Malaysia has embark on a new interest rate framework on 26 April 2004. The adopted policy rate is Overnight Policy Rate (OPR) as indicator of monetary policy stance. What are the indicator of monetary policy stance before this? How does it works? Explain.


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