Bank Negara Malaysia (BNM) decided to maintain the Overnight Policy Rate (OPR) at 3.00% during its latest Monetary Policy Committee meeting. This move was in line with market expectations, indicating BNM's cautious approach in balancing economic growth and inflation control. The market is now closely monitoring future inflation data for further direction.
Bank Negara Malaysia (BNM), at the conclusion of its Monetary Policy Committee (MPC) meeting on Thursday, decided to maintain the Overnight Policy Rate (OPR) at 3.00%, as widely expected by the market. In its statement, BNM noted that the current monetary policy stance remains supportive of economic growth while being consistent with the inflation outlook. Despite global economic downside risks, Malaysia's domestic demand remains resilient, and the labour market continues to improve. BNM emphasized that future policy decisions will continue to be data-dependent, with a particular focus on inflation trends and global economic developments. Analysts generally believe that BNM's move aims to provide stability to the economy and avoid potential negative impacts from premature policy tightening. Market participants will closely monitor the upcoming January inflation data to assess the likelihood of future policy adjustments by BNM.
Share: