KONTAN.CO.ID - KUALA LUMPUR. Malaysia's central bank on Thursday kept its benchmark interest rate unchanged for the second straight meeting, as economic growth and inflation continued to ease. Bank Negara Malaysia (BNM) maintained its overnight policy rate (OPR) at 3.00%, in line with market expectations, and following an unexpected rate hike in May. "At the current OPR level, the monetary policy stance remains supportive of the economy and is consistent with the current assessment of the inflation and growth prospects," the central bank said in a statement.
Bank Negara Malaysia Keeps Rates on Hold as Inflation, Growth Cool
KONTAN.CO.ID - KUALA LUMPUR. Malaysia's central bank on Thursday kept its benchmark interest rate unchanged for the second straight meeting, as economic growth and inflation continued to ease. Bank Negara Malaysia (BNM) maintained its overnight policy rate (OPR) at 3.00%, in line with market expectations, and following an unexpected rate hike in May. "At the current OPR level, the monetary policy stance remains supportive of the economy and is consistent with the current assessment of the inflation and growth prospects," the central bank said in a statement.