Malaysia maintains key rate at 3%, expects sustained growth

[KUALA LUMPUR] Malaysia’s benchmark interest rate remains unchanged at 3 per cent, said Bank Negara on Wednesday (Nov 6).

The country’s overnight policy rate (OPR) has held steady at 3 per cent since its last hike of 25 basis points in May 2023.

The central bank noted that the current OPR level continues to support economic growth, although it acknowledged that the outcome of the US elections may increase volatility in the near term, in particular to the currency movement.