Ringgit just a guide for OPR

Abdul Rasheed: The country’s GDP growth for the first nine months of 2025 was 4.7% y-o-y.

THE recent strengthening of the ringgit will not directly influence decisions on the overnight policy rate (OPR), though it may serve as a contributing factor, says Bank Negara Malaysia (BNM).

Governor Datuk Seri Abdul Rasheed Ghaffour, addressing the ringgit’s current appreciation trend and its potential impact on the Monetary Policy Committee’s approach to the OPR, emphasises that the central bank does not establish time-bound targets for the currency.