Overnight Policy Rate
E806321
The Overnight Policy Rate is Malaysia’s key short-term interest rate benchmark that guides the stance of monetary policy and influences broader borrowing costs and liquidity in the financial system.
All labels observed (1)
| Label | Occurrences |
|---|---|
| Overnight Policy Rate canonical | 1 |
Statements (50)
| Predicate | Object |
|---|---|
| instanceOf |
policy interest rate
ⓘ
short-term interest rate benchmark ⓘ |
| administeredBy | Bank Negara Malaysia NERFINISHED ⓘ |
| affects |
commercial bank lending rates
ⓘ
deposit rates ⓘ financing costs for businesses ⓘ financing costs for households ⓘ interbank overnight rate ⓘ overall monetary conditions in Malaysia ⓘ |
| alsoKnownAs | OPR NERFINISHED ⓘ |
| appliesTo | ringgit-denominated interbank transactions ⓘ |
| benchmarkFor |
Malaysian money market rates
ⓘ
base lending rate mechanisms ⓘ base rate mechanisms ⓘ |
| componentOf | Malaysia’s monetary policy framework ⓘ |
| country | Malaysia ⓘ |
| currency | Malaysian ringgit NERFINISHED ⓘ |
| decisionBasis |
assessment of economic growth outlook
ⓘ
assessment of external economic conditions ⓘ assessment of financial stability risks ⓘ assessment of inflation outlook ⓘ |
| decisionFrequency | regularly at Monetary Policy Committee meetings ⓘ |
| hasDomain |
banking
ⓘ
macroeconomics ⓘ monetary policy ⓘ |
| influences |
credit growth in Malaysia
ⓘ
domestic demand in Malaysia ⓘ exchange rate pressures on the ringgit ⓘ inflation in Malaysia ⓘ |
| introducedBy | Bank Negara Malaysia NERFINISHED ⓘ |
| jurisdiction | Malaysia NERFINISHED ⓘ |
| legalAuthority | Central Bank of Malaysia Act 2009 NERFINISHED ⓘ |
| monitoredBy |
businesses in Malaysia
ⓘ
financial institutions in Malaysia ⓘ households in Malaysia ⓘ investors in Malaysian financial markets ⓘ |
| objective |
support price stability
ⓘ
support sustainable economic growth ⓘ |
| primaryFunction |
anchor short-term interest rates in the money market
ⓘ
guide stance of monetary policy in Malaysia ⓘ influence borrowing costs in the economy ⓘ influence liquidity conditions in the financial system ⓘ |
| region | Southeast Asia ⓘ |
| relatedTo |
Malaysian Government Securities yields
ⓘ
Malaysian Islamic money market rates ⓘ Statutory Reserve Requirement of Malaysia NERFINISHED ⓘ |
| setBy | Bank Negara Malaysia Monetary Policy Committee NERFINISHED ⓘ |
| timeHorizon | short term ⓘ |
| typeOf | central bank policy rate ⓘ |
| usedBy | Bank Negara Malaysia NERFINISHED ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.