Current 2.75 Pct OPR Remains Appropriate And Supportive For Malaysia's Economy - BNM Governor
KUALA LUMPUR, Nov 14 (Bernama) -- The current overnight policy rate (OPR) of 2.75 per cent remains supportive and appropriate given Malaysia’s economic conditions and stable inflation environment, said Bank Negara Malaysia (BNM) governor Datuk Seri Abdul Rasheed Ghaffour.
He noted, however, that Malaysia still has room to adjust both fiscal and monetary policies, supported by the current strength of the ringgit, a positive growth outlook and stable inflation forecast.
“In terms of the currency’s performance and growth outlook that we are seeing and the inflation outlook, we do have space (for adjustments), in both fiscal and monetary policies.
“Given these domestic prospects, we assessed that the current monetary policy stance remains appropriate and supportive of the economy amid price stability,” he said in a joint press conference to announce Malaysia’s third-quarter 2025 gross domestic product performance here, today.
The central bank maintained the OPR at 2.75 per cent at its Monetary Policy Committee (MPC) meeting in November.
Abdul Rasheed said the OPR reduction in July is also working its way through the economy and will provide some support to growth heading into 2026.
The governor added that the MPC will continue to monitor ongoing developments and assess the balance of risks surrounding the outlook for domestic growth and inflation.
-- BERNAMA