Bank Negara said global growth, while still expanding, remains weighed down by persistently elevated core inflation and higher interest rates. — Bloomberg
KUALA LUMPUR: With inflation expected to have peaked and global growth becoming weaker, Bank Negara decided to keep interest rates unchanged when its Monetary Policy Committee (MPC) kept the overnight policy rate (OPR) at 3%.
This also indicates the focus of the central bank has now changed to stimulating growth as opposed to keeping inflation at bay, said economists.
