OPR maintained at 3%

Bank Negara said the current OPR level is conducive to holding up the economy, consistent with the current assessment of inflation and growth prospects.

PETALING JAYA: In an effort to remain supportive of the economy moving into 2024, Bank Negara has decided to keep its overnight policy rate (OPR) unchanged at 3%.

The move, incidentally, is in tandem with the US Federal Reserve’s (Fed) maintenance of its funds target rate at 5.25% to 5.5%, as Bank Negara commented that the current OPR level is conducive to holding up the economy, consistent with the current assessment of inflation and growth prospects.