Bank Negara maintains overnight policy rate at 3%

KUALA LUMPUR: Bank Negara Malaysia (BNM) is maintaining its overnight policy rate (OPR) at 3% and has deemed the current stance of monetary policy to be appropriate given the outlook for inflation and growth.

BNM's monetary policy committee (MPC) would, in addition to domestic conditions, continue to carefully assess the global economic and financial developments and their implications on the overall outlook for inflation and growth of the Malaysian economy.