Bank Negara Malaysia keeps OPR unchanged at 3%

KUALA LUMPUR: Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) has decided to maintain the Overnight Policy Rate (OPR) at 3.00 per cent at its meeting today.

The central bank said the global economy continues to expand amid resilient labour markets in some countries and continued recovery in global trade.

“Looking ahead, global growth is expected to be sustained, as headwinds from tight monetary policy and reduced fiscal support will be cushioned by positive labour market conditions and moderating inflation,” it said in a statement today.

BNM said global trade is expected to strengthen further as the global tech upcycle gains momentum.