Question
Monetary Policy Statement On 20 January 2006, at its first meeting for the year 2006, Bank Negara Malaysia's Monetary Policy Committee (MPC) decided to leave
Monetary Policy Statement
On 20 January 2006, at its first meeting for the year 2006, Bank Negara Malaysia's Monetary Policy Committee (MPC) decided to leave the Overnight Policy Rate (OPR) unchanged at 3 percent. Malaysia's economic growth is expected to gain momentum in 2006, with the risk of inflation still remaining. Going forward, Bank Negara Malaysia will continue to assess developments in the domestic and international economy and their implications for the medium-term prospects for growth and inflation.
Based on the text above
1. Any changes in the Overnight Policy Rate (OPR)? Report the percentage change.
2. What was the new OPR level (%)?
3. Why did BNM change its interest rate?
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The Oxford Handbook Of State Capitalism And The Firm
Authors: Mike Wright, Geoffrey T. Wood, Alvaro Cuervo-Cazurra, Pei Sun, Ilya Okhmatovskiy, Anna Grosman
1st Edition
0198837364, 978-0198837367
