KUALA LUMPUR, July 9 -- Bank Negara Malaysia has cut the Overnight Policy Rate (OPR) by 25 basis points to 2.75 per cent to support economic growth amid global uncertainty.

The ceiling and floor rates of the OPR corridor were adjusted accordingly to 3.00 per cent and 2.50 per cent respectively.

The central bank said the move is a pre-emptive step to preserve the country's steady growth path as inflation remains moderate.

"While the domestic economy is on a strong footing, uncertainties surrounding external developments could affect Malaysia's growth prospects," Bank Negara said in a statement.

Malaysia's economy is expected to remain supported by resilient domestic demand, sustained investment activity, and steady household spending....