BNM keeps OPR at 2.75% as expected

BNM cautioned that the growth outlook could change especially as global developments take place.

PETALING JAYA: The Monetary Policy Committee’s (MPC) decision to keep the overnight policy rate (OPR) at 2.75% is in line with overall consensus, says Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid.

Speaking to StarBiz, he said the economy performed better than expected last year with gross domestic product (GDP) growth likely to come in at the top range of the official forecast of between 4% and 4.8%.