BNM keeps OPR at 3% to support economic growth

Free Malaysia Today

The central bank says its monetary policy remains supportive of the economy at the current OPR level.   Read More: https://www.freemalaysiatoday.com/category/highlight/2024/09/05/bnm-keeps-opr-at-3-to-support-economic-growth-2/   Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.    Subscribe to our channel - http://bit.ly/2Qo08ry   ------------------------------------------------------------------------------------------------------------------------------------------------------ Check us out at https://www.freemalaysiatoday.com Follow FMT on Facebook: https://bit.ly/49JJoo5 Follow FMT on Dailymotion: https://bit.ly/2WGITHM Follow FMT on X: https://bit.ly/48zARSW  Follow FMT on Instagram: https://bit.ly/48Cq76h Follow FMT on TikTok : https://bit.ly/3uKuQFp Follow FMT Berita on TikTok: https://bit.ly/48vpnQG  Follow FMT Telegram - https://bit.ly/42VyzMX Follow FMT LinkedIn - https://bit.ly/42YytEb Follow FMT Lifestyle on Instagram: https://bit.ly/42WrsUj Follow FMT on WhatsApp: https://bit.ly/49GMbxW  ------------------------------------------------------------------------------------------------------------------------------------------------------ Download FMT News App: Google Play – http://bit.ly/2YSuV46 App Store – https://apple.co/2HNH7gZ Huawei AppGallery - https://bit.ly/2D2OpNP  #FMTNews #BankNegaraMalaysia #OPR #3% #EconomicGrowth

Transcript

00:00Bank Negara Malaysia has kept the Overnight Policy Rate, or OPR, at 3% to support the

00:07country's economic growth.

00:10The central bank's decision to maintain the benchmark interest rate after its two-day

00:14Monetary Policy Committee meeting was widely anticipated.

00:18In a statement, BNM said the current OPR level supports the economy and aligns with its assessment

00:24of inflation and growth prospects.

00:27The MPC said its policy stance will continue to promote sustainable economic growth while

00:32ensuring price stability.

00:35BNM last raised the OPR from 2.75% to 3% in May 2023 and has held the rate steady at every

00:42MPC meeting since.

00:44It had slashed the OPR to its lowest ever at 1.75% in July 2020 during the COVID-19

00:51pandemic.

00:52Malaysia's Monetary Policy Meeting comes two weeks before the U.S. Federal Reserve

00:56is widely expected to start its rate cut cycle.

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