Bank Negara maintains supportive OPR of 3%

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The story "Bank Negara maintains supportive OPR of 3%" was covered 2 weeks ago by The Star, a news publisher based in Malaysia.

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The Star 2w ago

Bank Negara maintains supportive OPR of 3% - The Star

Quick Summary:

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.