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Malaysian central bank raises interest rate by 25 bps to 2.5 pct

KUALA LUMPUR, Sept. 8 (Xinhua) — Malaysian central bank on Thursday raised the overnight policy rate (OPR) by 25 basis points to 2.50 percent.

Bank Negara Malaysia (BNM) said in a statement that the ceiling and floor rates of the corridor of the OPR are correspondingly increased to 2.75 percent and 2.25 percent, respectively.

With the positive growth prospects for the Malaysian economy remaining intact,