Malaysia’s central bank pauses rate cuts, signals confidence in economic outlook
Bank Negara Malaysia says its monetary policy stance was ‘appropriate and supportive of the economy amid price stability’
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[KUALA LUMPUR] Bank Negara Malaysia left its benchmark interest rate unchanged at 2.75 per cent on Thursday (Sep 4), noting that the global economy is expanding but remains fragile.
The decision to keep the overnight policy rate (OPR) steady was widely expected, with 29 of 32 economists in a Reuters poll forecasting no change.
At its previous policy review in July, the central bank reduced OPR by 25 basis points, the first easing since July 2020.
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