Bank Negara Malaysia (BNM) announced today that it would maintain the Overnight Policy Rate (OPR) at 3.00%. While inflation has shown signs of moderation, the central bank remains vigilant regarding potential price pressures, especially from global supply chain disruptions and domestic demand. This decision aligns with efforts to ensure sustainable economic growth while managing inflationary risks effectively.
Bank Negara Malaysia (BNM), following its Monetary Policy Committee (MPC) meeting today, announced its decision to maintain the Overnight Policy Rate (OPR) at 3.00%. This decision was largely in line with market expectations. In its statement, BNM noted that despite challenges to global economic growth, domestic economic activity remains robust and is projected to continue expanding. Regarding inflation, the central bank indicated that headline inflation has moderated, but core inflation still poses upside risks, particularly in the services sector. BNM emphasized its commitment to continuously monitor the balance between inflation and economic growth to ensure that the monetary policy stance remains appropriate, supporting sustainable economic growth while ensuring price stability. This move reflects BNM's efforts to strike a balance between economic recovery and inflation management.
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