Bank Negara keeps OPR at 3%

Stable inflation: A motorcyclist rides past the Bank Negara headquarters in Kuala Lumpur. For 2019 as a whole, Bank Negara expects average headline inflation to be broadly stable compared to 2018. — AP

PETALING JAYA: Bank Negara has maintained the overnight policy rate (OPR) at 3% following its Monetary Policy Committee (MPC) meeting, as the global economy continues to expand moderately.

The move was within expectations, said economists, who have forecast that the OPR would be maintained at 3% for the remainder of 2019.