Malaysia’s central bank expected to maintain interest rate at historic low of 1.75%: analysts

MALAYSIA’S central bank is likely to maintain its historical low benchmark interest rate at the end of its third monetary policy meeting of the year on Wednesday (May 11) to support the country’s economic growth, analysts told The Business Times.

Since July 2020, Bank Negara Malaysia’s overnight policy rate (OPR) has remained at 1.75 per cent. 

Economists and market analysts noted that an unchanged OPR will continue to support the growth momentum of the economy as the country only resumed all business activities in September 2021 and reopened its international borders in April this year.