Bank Negara Malaysia (BNM) announced it would maintain the Overnight Policy Rate (OPR) at 3.0%. The decision was in line with market expectations, aiming to balance economic growth and inflationary pressures.
Bank Negara Malaysia's (BNM) Monetary Policy Committee (MPC) announced today that it would maintain the Overnight Policy Rate (OPR) at 3.00%. This marks the fifth consecutive meeting where the rate has been held steady. BNM stated that while the global economic outlook faces challenges, Malaysia's economic activity is expected to continue expanding, primarily supported by robust domestic demand and tourism recovery. The central bank deemed the current OPR level appropriate to ensure inflation remains within the target range while supporting sustainable economic growth. BNM emphasized that it will continue to monitor potential upside risks to core inflation, particularly from possible government subsidy rationalisation measures.
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