The central bank says inflationary pressures have remained high due to elevated commodity prices and tight labour markets.
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KUALA LUMPUR: Bank Negara Malaysia has decided to increase the Overnight Policy Rate (OPR) by 25 basis points (bps) to 2.50 per cent for the third ...
"At the current OPR level, the stance of monetary policy continues to remain accommodative and supportive of economic growth," it said. "The growth outlook is subject to downside risks, including elevated cost pressures, the potential energy crisis in Europe, and sharp tightening in financial market conditions," it said. "Going forward, the global growth is expected to face challenges from the impact of monetary policy tightening in most economies and pandemic management measures in China.
Bank Negara Malaysia (BNM)'s Monetary Policy Committee (MPC) has raised its overnight policy rate (OPR) by 25 basis points (bps) to 2.5% on Thursday (Sept ...
These will ensure financial intermediation remains supportive of the economy,” it said. At the current OPR level, the stance of monetary policy continues to remain accommodative and supportive of economic growth,” it said. Malaysia’s headline inflation rose 2.8% year-on-year in the second quarter, from 2.2% in 1Q2022. Nevertheless, the central bank said external demand is expected to moderate following softening global growth. Financial institutions also continue to operate with strong capital and liquidity buffers. The reopening of international borders will lift tourism-related sectors.
KUALA LUMPUR: At the conclusion of its monetary policy committee (MPC) meeting, Bank Negara increased the overnight policy rate by 25 basis points (bps) to ...
"Domestic liquidity remains sufficient, with continued orderly functioning of the financial and foreign exchange markets. Despite the increased volatility in the global financial and foreign exchange markets, however, the developments are not expected to derail Malaysia's growth. According to the central bank, the transition to endemicity and policy measures have contributed to the stronger growth performance in the second quarter of 2022. "At the current OPR level, the stance of monetary policy continues to remain accommodative and supportive of economic growth. In a statement, it said it raised the ceiling and floor rate of the corridor of the OPR to 2.75% and 2.25% respectively. "The MPC is not on any pre-set course and will continue to assess evolving conditions and their implications on the overall outlook to domestic inflation and growth," said Bank Negara..
Malaysia's central bank raised the key overnight policy rate (OPR) by 25 basis points to 2.5 per cent on Thursday (Aug 8) in a widely-expected move, ...
The monetary policy committee (MPC) of Bank Negara Malaysia (BNM) has decided to increase the overnight policy rate (OPR) again, this time by another 25 ...
The year-to-date, headline inflation is currently at an average of 2.8% and BNM says it is projected to peak in the third quarter of 2022 before moderating thereafter. This is the third time the OPR has been raised this year, with the previous two hikes – each seeing an increase of 0.25% – happening on July 6 and May 11. Share your experience in the comments below.
KUALA LUMPUR, Sept 8 — Bank Negara Malaysia (BNM) has increased the Overnight Policy Rate (OPR) by 25 basis points to 2.50 per cent at its fifth Monetary ...
“However, global growth continues to be supported by improvements in labour market conditions and the full reopening of most economies and international borders,” BNM said in its monetary policy statement today. The central bank said the ceiling and floor rates of the corridor of the OPR are correspondingly increased to 2.75 per cent and 2.25 per cent respectively. KUALA LUMPUR, Sept 8 — Bank Negara Malaysia (BNM) has increased the Overnight Policy Rate (OPR) by 25 basis points to 2.50 per cent at its fifth Monetary Policy Committee (MPC) meeting today.