Bank Negara stays put on OPR at 3%

KUALA LUMPUR: Bank Negara kept the overnight policy rate (OPR) unchanged at 3% upon the conclusion of its two-day monetary policy committee (MPC) meeting, which was in line with the median expectations of economists.

A Reuters poll saw 22 out of 25 economists predicting the central bank would maintain the status quo while only three of those surveyed said it would raise the interest rate by 25 basis points.