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RegisterThe Overnight Policy Rate (OPR) is the sole indicator of the monetary policy stance in Malaysia. The Monetary Policy Committee of the bank at each meeting decides whether the current level of the OPR is at the appropriate level to safeguard price stability while domestic economic growth. According to the MPC, the effect of monetary policy action normally takes three to four quarters to affect the economy. The MPC has six planned meetings a year, in January, March, May, July, September and November.