KUALA LUMPUR, Oct 16 (Bernama) -- Bank Negara Malaysia’s (BNM) decision on the Overnight Policy Rate (OPR) will continue to be driven by the country’s growth and inflation outlook, said Finance Minister II Datuk Seri Amir Hamzah Azizan.
He said that the current OPR of 3.0 per cent is conducive to supporting economic growth.
“BNM’s point of view differs from other central banks and is more dependent on our own circumstances.
“For now, Malaysia’s economy is currently in a favourable position, and price pressures remain under control,” he said in a written reply read by Deputy Works Minister Datuk Seri Ahmad Maslan in the Dewan Rakyat today.
He was replying to a supplementary question from Chong Zhemin (PH-Kampar) who wanted to know if BNM will follow the United States and United Kingdom central banks’ move to lower their monetary policy rates.
-- BERNAMA
BERNAMA provides up-to-date authentic and comprehensive news and information which are disseminated via BERNAMA Wires; www.bernama.com; BERNAMA TV on Astro 502, unifi TV 631 and MYTV 121 channels and BERNAMA Radio on FM93.9 (Klang Valley), FM107.5 (Johor Bahru), FM107.9 (Kota Kinabalu) and FM100.9 (Kuching) frequencies.
Follow us on social media :
Facebook : @bernamaofficial, @bernamatv, @bernamaradio
Twitter : @bernama.com, @BernamaTV, @bernamaradio
Instagram : @bernamaofficial, @bernamatvofficial, @bernamaradioofficial
TikTok : @bernamaofficial
