Bank Negara maintains supportive OPR of 3%

The central bank pointed out that inflation in 2024 is expected to remain moderate.

PETALING JAYA: As widely expected, Bank Negara kept the overnight policy rate (OPR) unchanged at 3%, which it says is a level supportive of Malaysia’s economy and consistent with its current assessment of the inflation and growth prospects.

The central bank reported that an improvement in global trade activity, backed by domestic demand, has helped the global economy to expand moderately, as favourable market conditions in some countries have lent support to consumption.