Central Bank maintains policy rate at 3.25%
At its 11 September monetary policy meeting, Bank Negara Malaysia (BNM) decided to leave the Overnight Policy Rate (OPR) unchanged at 3.25%. The decision was in line with market expectations.
The BMN stated that global economic growth continues to expand at a moderate pace in spite of varying performance across countries. Downside risks to economic expansion? come from moderating growth across Asia and other emerging markets, however, domestic demand in the region remains supportive. Malaysia is also susceptible to subdued commodities prices as well as volatility in financial markets.