Bank Negara keeps overnight policy rate at 3%

FRIDAY, JULY 7 KUALA LUMPUR- Release of May 2017 External Trade Statistics at 1200 (0400 GMT) KUALA LUMPUR- Release of Bank Negara's foreign reserves as at 30 June 2017 at 1500 (0700 GMT)

PETALING JAYA: Bank Negara has retained the benchmark overnight policy rate (OPR) at 3% as the central bank remains accomodative of Malaysia’s economic growth, moving forward.

The Monetary Policy Committee (MPC) of Bank Negara said that the country’s growth prospects would be sustained by the more positive global growth outlook and stronger spillover from the external sector to the domestic economy.