BNM Maintains OPR at 3.00%, Focus Shifts to Inflationary Risks

January 20, 2026
Economy
Bloomberg

Bank Negara Malaysia (BNM) maintained the Overnight Policy Rate (OPR) at 3.00%, aligning with market expectations. BNM stated that the current monetary stance remains supportive of economic growth while monitoring global risks.

Bank Negara Malaysia's (BNM) Monetary Policy Committee (MPC) announced today that it has maintained the Overnight Policy Rate (OPR) at 3.00%. This marks the fifth consecutive meeting where the rate has been held steady. In its statement, BNM noted that domestic economic activity continues to expand, and the labour market remains robust, despite uncertainties in the global growth outlook. However, the central bank stressed that it will closely monitor potential inflationary risks, particularly cost pressures arising from global supply chain disruptions and potential domestic subsidy rationalisation. Analysts expect the OPR to remain stable throughout 2026 unless there is an unexpected significant spike in core inflation.
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