Holds policy rate steady, domestic growth anchored, fiscal and tariffs shape outlook
Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) kept the Overnight Policy Rate (OPR) at 2.75% at its fifth meeting of the year, in line with house and consensus expectations.
Policy statement: The MPC consider the current OPR level as "…appropriate and supportive of the economy amid price stability". It also added that "the MPC will continue to monitor ongoing developments and assess the balance of risks surrounding the outlook for domestic growth and inflation," signalling a cautious, data dependent stance.
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