BNM Maintains OPR at 3.00%, Citing Stable Inflation Outlook

Bank Negara Malaysia's (BNM) Monetary Policy Committee (MPC) announced its decision to maintain the Overnight Policy Rate (OPR) at 3.00% following its meeting on February 26, 2026. This decision was largely in line with market expectations. In its statement, BNM noted that despite uncertainties in the global economic outlook, Malaysia's economic growth remains resilient, with continued improvements in the labour market and domestic demand serving as the primary growth driver. On inflation, BNM expects overall inflation for 2026 to remain moderate, consistent with its earlier projections. BNM emphasized that the current monetary policy stance supports sustainable economic growth while ensuring price stability. Analysts generally believe BNM will continue to adopt a wait-and-see approach in the foreseeable future, barring any significant shifts in economic data.