Bank Negara Malaysia Maintains OPR at 3.00% to Support Growth and Stabilise Inflation

March 3, 2026
Economy
Bloomberg

Bank Negara Malaysia announced today its decision to maintain the Overnight Policy Rate (OPR) at 3.00%. This move aims to balance economic growth with inflation control, while assessing uncertainties in the global economic outlook. The central bank emphasizes its commitment to price stability.

Bank Negara Malaysia (BNM) today announced its decision to maintain the Overnight Policy Rate (OPR) at 3.00% following its Monetary Policy Committee (MPC) meeting. This marks the fifth consecutive meeting where the central bank has kept the rate unchanged. In its statement, BNM noted that the current monetary policy stance is “supportive and non-expansionary,” sufficient to balance price stability and sustainable economic growth. Despite global economic downside risks, such as geopolitical tensions and slowing growth in major economies, Malaysia's domestic economy is expected to remain resilient, supported by robust domestic demand and a recovery in tourism. On the inflation front, BNM anticipates headline inflation to be moderate in 2026 but remains vigilant about potential upside risks from subsidy rationalisation. Analysts generally view this move as in line with market expectations, indicating BNM's cautious optimism regarding the current economic situation, and its commitment to closely monitor global and domestic economic developments.
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