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MNI (Sydney)

Bank Negara Malaysia has cited a slower momentum of economic recovery in its decision to maintain its Overnight Policy Rate at the record low of 1.75% on Thursday.

The central bank projected that the 2021 growth pace would be in the range of 3% to 4%, while it was expected to be higher in 2022, see: MNI STATE OF PLAY: Tighter Policy On Agenda For Malaysia CB. However, there are still uncertainties around new virus variants and supply chain disruptions, BNM said.

MNI Sydney Bureau | +61-405-322-399 |
MNI Sydney Bureau | +61-405-322-399 |

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