Bank Negara Malaysia (BNM) has maintained the overnight policy rate (OPR) at 3% despite the ringgit plunging to a 25-year low against the US dollar. The decision was announced today following the central bank’s two-day monetary policy committee (MPC) meeting. In a press statement, BNM sa...
Bank Negara Malaysia has decided to maintain the Overnight Policy Rate (OPR) at 1.75 per cent, after concluding its Monetary Policy Committee (MPC) meeting today. In a statement today, the MPC considered the stance of monetary policy to be “appropriate and accommodative”. It added that fisca...
“On the global front, while the monetary policy stance is likely to remain tight in the near term, the tightening cycle has peaked for most central banks,” BNM said in a statement. However, global headline and core inflation edged downwards in recent months, but continued to be above aver...
“With the relatively dim prospect of large-scale fiscal help, the onus is for the monetary policy to shoulder the burden more considerably. “When BNM left its Overnight Policy Rate (OPR) unchanged at 1.75% for the second time runningin its last MPC meeting in November, the central bank ...
“On the back of the positive growth prospects for the Malaysian economy, the MPC decided to further adjust the degree of monetary accommodation,” the statement said. BNM also pointed out that the reopening of international borders on April 1, 2022 would facilitate the recovery of the tourism ...
“The Monetary Policy Committee (MPC) will continue to calibrate the monetary policy settings that balance the risks to domestic inflation and sustainable growth,” it said in a statement today. Source: Bernama
Bank Negara Malaysia (BNM) maintained the Overnight Policy Rate (OPR) at 1.75 per cent at its first Monetary Policy Committee (MPC) meeting yesterday. In a statement today, the central bank’s MPC considered the stance of monetary policy to be appropriate and accommodative, while remaining comm...
This will be done in a measured and gradual manner, ensuring that monetary policy remains accommodative to support sustainable economic growth in an environment of price stability. Bank Negara said inflationary pressures had increased sharply due to a rise in commodity prices, strained supply chains ...
Bank Negara Malaysia (BNM) maintained the Overnight Policy Rate (OPR) at 1.75% today as it expects Malaysia’s economic growth to improve although it is still subject to downside risks. The central bank said in a statement that the global economic recovery, while uneven, is gaining momentum,...
“With the domestic growth prospects remaining resilient, the MPC judges that it is timely to further normalise the degree of monetary accommodation,” the central bank said, referring to its monetary policy committee. The consumer price index in March grew 3.4 percent from a year earlier, its ...