However, it noted the reimposition of nation-wide containment measures to curb the resurgence in Covid-19 cases will dampen the growth momentum.
KUALA LUMPUR: Bank Negara Malaysia decided to maintain the Overnight Policy Rate (OPR) at 1.75% at the Monetary Policy Committee (MPC) meeting on Thursday, which was in line with economists’ expectations.
It said in a statement that for the Malaysian economy, better-than-expected economic activity in the first quarter of 2021 continued into April. These were reflected by latest indicators, particularly on exports, retail spending and labour market conditions, it said.
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