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BNM keeps overnight policy rate at 3%

Mimi Sabreena 3:39:00 PM Informasi

KUALA LUMPUR (Sept 7): The Monetary Policy Committee of Bank Negara Malaysia (BNM) decided at its meeting today to maintain its overnight policy rate (OPR) at 3%.

The decision came amid expectations of stronger-than-anticipated growth in the Malaysian economy this year, driven by “positive global growth outlook and stronger spillovers from the external sector to the domestic economy,” BNM said.

“At the current level of the OPR, the stance of monetary policy remains accommodative.

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