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Malaysian Central Bank Keeps OPR Unchanged At 3%

BNM

Bank Negara Malaysia left its key policy rate unchanged at 3.00% as expected by all analysts polled by Bloomberg. Click here to see the statement from the Monetary Policy Committee.

  • The Committee signalled an increased "prospect of interest rates to remain high for longer, particularly in the US."
  • In Malaysia, "inflation in 2024 is expected to remain moderate, broadly reflecting stable demand conditions and contained cost pressures."
  • "The ringgit currently does not reflect Malaysia's economic fundamentals and growth prospects."
  • "At the current OPR level, the monetary policy stance remains supportive of the economy and is consistent with the current assessment of the inflation and growth prospects."

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