Bank Negara Malaysia (BNM) maintained the Overnight Policy Rate (OPR) at 3.00%, meeting market expectations while emphasizing risks from core inflation and global uncertainties.
Bank Negara Malaysia (BNM) announced after today's Monetary Policy Committee (MPC) meeting that the Overnight Policy Rate (OPR) will be maintained at 3.00%. This decision was in line with the expectations of the vast majority of economists surveyed. BNM noted that while global growth has moderated, domestic economic activity remains resilient, supported by robust labour market conditions and strong private consumption. However, the MPC stressed that they are closely monitoring potential upside risks to core inflation, particularly in light of possible targeted subsidy rationalization by the government later this year. BNM reiterated that the current OPR level is appropriate to support economic growth while ensuring price stability.
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