BNM maintains OPR at 3pc, inflation expected to rise due to diesel subsidy rationalisation

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KUALA LUMPUR, Aug 16 — Bank Negara Malaysia (BNM) governor Datuk Abdul Rasheed Ghaffour today said that the Overnight...

He said the MPC believes that the current systems are still supportive of the economy.“Our baseline forecast suggests that Malaysia’s growth will continue to be strong, driven by resilient consumer spending and ongoing improvements in exports.“As expected, inflation is likely to rise in the second half of this year, partly due to the recent diesel subsidy rationalisation,” he said during a press conference on the release of 2Q2024 GDP Statistics here today.

KUALA LUMPUR, Aug 16 — Bank Negara Malaysia (BNM) governor Datuk Abdul Rasheed Ghaffour today said that the Overnight Policy Rate (OPR) was maintained at 3 per cent during the Monetary Policy Committee (MPC) meeting with inflation expected to rise in the second half of 2024 due to the recent changes in diesel subsidies.

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Article Details

Author / Journalist: Anis Zalani

Category: EconomyBusiness

Markets: MalaysiaSingapore

Topics: Inflation BNM OPR

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-16 @ 12:42:32 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 129 words

Reading Time: 1 minutes read

Sentences: 12 lines

Sentence Length: 11 words per sentence (average)

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Copyright Owner: © Malay Mail

News ID: 22094199

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