KUALA LUMPUR: Bank Negara Malaysia (BNM) is expected to keep the overnight policy rate (OPR) at 2.75% when the Monetary Policy Committee (MPC) meets today, according to Standard Chartered Bank.
In a research note yesterday, Standard Chartered said the January 2026 monetary policy statement indicated that BNM remains comfortable to keep the OPR on hold, with no hawkish signals suggesting a near-term reversal of the pre-emptive rate cut delivered in July 2025.
The MPC had maintained the OPR at 2.75% at the November 2025 and January 2026 MPC meetings.
“Malaysia’s fourth quarter of financial year 2025 gross domestic product (GDP) growth was revised up to 6.3% year-on-year from 5.7%.
“This lifted full-year 2025 GDP growth to 5.2%, exceeding expectations.
“The stronger growth outcome could raise questions about whether BNM may unwind its July 2025 rate cut,” Standard Chartered said. — Bernama
