Bank Negara keeps benchmark interest rate

Bank Negara said the latest high-frequency indicators showed that economic activity had rebounded in the fourth quarter of 2021.It is positive that the Malaysian economy would expand by 3% to 4% in 2021, as guided earlier by the government.

PETALING JAYA: Bank Negara has kept its overnight policy rate (OPR) unchanged at the record-low level of 1.75% amid a more positive economic outlook and a moderate inflation expectation for 2022.

This was in line with what the market was expecting with polls by Bloomberg and Reuters expecting the central bank to maintain the benchmark interest rate.