Bank Negara maintains OPR at 2.75%

 The overnight policy rate has been unchanged since July 2025.

Bank Negara Malaysia said the current OPR is appropriate and consistent with its outlook of continued price stability and sustainable economic growth.

PETALING JAYA:

Bank Negara Malaysia (BNM) has maintained its overnight policy rate (OPR) at 2.75%, following its latest monetary policy committee meeting.

The central bank last adjusted the OPR in July 2025, when it lowered the rate from 3% as a pre-emptive measure to spur growth against external headwinds.

In a statement, BNM said the current OPR was appropriate and consistent with its outlook of continued price stability and sustainable economic growth.

It said the latest indicators pointed to resilient global growth, supported by strong global tech expansion, improving supply conditions and a stable labour market.

“While uncertainties surrounding the Middle East conflict will continue to weigh on global growth amid continued inflationary pressures, the impact is expected to be cushioned by sustained tech-related spending,” it said.

BNM said downside risks to global growth remain, stemming from prolonged geopolitical tensions, tighter global financial conditions and concerns over valuations in financial markets.

“Upside potential includes stronger tech spending, faster-than-expected recovery in supply chain conditions and pro-growth policy measures in key economies.

“As these developments remain fluid, BNM’s Monetary Policy Committee will remain vigilant to cost pressures and domestic demand conditions given their impact on the inflation outlook,” said the central bank. - FMT