As expected by economists, Bank Negara Malaysia’s monetary policy committee has maintained the overnight policy rate (OPR) at 3%, and kept its economic growth forecast for this year at between 4.3% and 4.8%.
The OPR maintained at the current level, the stance of monetary policy remains accommodative and supportive of economic activity. To ensure that the monetary policy stance remains conducive to sustainable growth amid price stability, The MPC will be continued to assess the balance of risks to domestic growth and inflation
source : www.thestar.com.my
