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A collection of 3 posts

BNM has begun the process of OPR normalisation with new hike

BNM has begun the process of OPR normalisation with new hike

Bank Negara Malaysia today raised the OPR by 25bps while the market expected no change in what is seen as a surprise move. BNM decided to increase the Overnight Policy Rate from 1.75% to 2.00% in its third Monetary Policy Meeting of 2022, differing our and market’s

A big win for the digibank consortium led by Grab

A big win for the digibank consortium led by Grab

Malaysia, 29 April 2022 – Grab Holdings Limited (NASDAQ: GRAB) and Singtel say that GXS Bank Pte Ltd, their digital bank joint venture, and a consortium of Malaysian investors including Kuok Brothers Sdn. Bhd has been selected to receive a digital banking licence in Malaysia. The issuance of the licence is

Malaysia's economic growth is supported by the current OPR

Malaysia's economic growth is supported by the current OPR

After Bank Negara Malaysia’s decision to maintain the Overnight Policy Rate at current levels, analysts say it was within expectations. They add that it is also supportive of Malaysia’s economic growth. BNM decided to keep the OPR unchanged at 1.75% in its second Monetary Policy Meeting of