Bank Negara maintains supportive OPR of 3%

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KUALA LUMPUR: Bank Negara kept the overnight policy rate (OPR) unchanged at 3%, as widely expected, noting that this level supports Malaysia's economy and aligns with its assessment of inflation and growth prospects.

Malaysia’s favourable economic prospects and domestic structural reforms, complemented by ongoing initiatives to encourage flows, will continue to provide enduring support to the ringgit,” the central bank said.

Meanwhile, Bank Negara said employment and wage growth, as well as policy measures, remain supportive of household spending.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Banking Budget 2025 Monetary policy Bank Negara OPR /Business/Business News Inflation

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-06 @ 15:07:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 540 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 32 words per sentence (average)

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Copyright Owner: © The Star

News ID: 23443757

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