Bank Negara keeps interest rate at 3%

The central bank emphasised that the OPR level is consistent with the current assessment of inflation and growth prospects.

PETALING JAYA: As anticipated, Bank Negara has kept its overnight policy rate (OPR) unchanged at 3% after its fifth Monetary Policy Committee or MPC of 2024 meeting yesterday, pointing out that its policy stance remains supportive of the economy.

On top of that, the central bank emphasised that the OPR level is also consistent with the current assessment of inflation and growth prospects, as it continues to keep its eye on ongoing developments relating to domestic inflation and growth trajectories going into 2025.