Bank Negara holds overnight policy rate firm at 3%

Bank Negara said inflation in 2024 is expected to remain moderate.

PETALING JAYA: Bank Negara kept the overnight policy rate (OPR) steady at 3% after its monetary policy committee (MPC) meeting, a move widely expected by economists.

OCBC senior Asean economist Lavanya Venkateswaran said she expects Bank Negara to keep its policy rate unchanged at 3% this year.