All eyes on next MPC meeting

Lee: The Public and Fiscal Responsibility Act as well as the Government Procurement Act will serve as important tools to ensure fiscal discipline.

PETALING JAYA: Tweaking the overnight policy rate (OPR) could hurt the economy and the ringgit, economists cautioned, as Bank Negara officials are set to meet next week for this year’s final Monetary Policy Committee (MPC) meeting.

The best move is to retain the benchmark interest rate at 3%, even as the country’s headline inflation has cooled to the lowest level in two and a half years, said economist Manokaran Mottain.