KUALA LUMPUR:Bank Negara Malaysia (BNM) has decided to maintain the Overnight Policy Rate (OPR) at 1.75 per cent.<br /> <br /> In a media statement today, the central bank said the economies among developed and developing countries were seen to be recovering, catalysed by the recovery of the manufacturing sector and export activities.<br /> <br /> However, the emergence of a new wave of COVID-19 is expected to put pressure on economic growth in the near future.<br /> <br /> For Malaysia, economic activity is seen to be recovering in the third quarter of this year.<br /> <br /> However, Bank Negara said Recovery Movement Control Order (RMCO) in several states is expected to slow the country's economic recovery in the fourth quarter.<br /> <br /> BNM also expects the country's economy to continue its recovery trend by 2021, supported by recovering global demand, as well as increased public and private sector spending, and increased production.<br /> <br /> BNM, however, said the recovery rate would vary by sector.<br /> <br /> It also expects inflation to remain at negative levels this year, contributed by low oil prices.<br /> <br /> Inflation is expected to rise again in 2021, depending on the movement of crude oil and commodity prices globally.<gdiv id="ginger-floatingG-container" style="position: absolute; top: 0px; left: 0px;"><gdiv class="ginger-floatingG ginger-floatingG-closed" style="display: none;"><gdiv class="ginger-floatingG-disabled-main"><gdiv class="ginger-floatingG-bar-tool-tooltip">Enable Ginger</gdiv></gdiv><gdiv class="ginger-floatingG-offline-main"><gdiv class="ginger-floatingG-bar-tool-tooltip"><em>Cannot connect to Ginger</em> Check your internet connection<br /> or reload the browser</gdiv></gdiv><gdiv class="ginger-floatingG-enabled-main"><gdiv class="ginger-floatingG-bar"><gdiv class="ginger-floatingG-bar-tool ginger-floatingG-bar-tool-disable"><ga></ga><gdiv class="ginger-floatingG-bar-tool-tooltip">Disable in this text field</gdiv></gdiv><gdiv class="ginger-floatingG-bar-tool"><ga class="ginger-floatingG-bar-tool-edit">Edit</ga><gdiv class="ginger-floatingG-bar-tool-tooltip">Edit in Ginger</gdiv></gdiv><gdiv class="ginger-floatingG-bar-tool ginger-floatingG-bar-tool-mistakes"><ga></ga><gdiv class="ginger-floatingG-bar-tool-tooltip">Edit in Ginger</gdiv></gdiv></gdiv></gdiv><gdiv class="ginger-floatingG-contentPopup"><gdiv class="ginger-floatingG-contentPopup-wrap"><ga class="ginger-floatingG-contentPopup-close">×</ga><gdiv class="ginger-floatingG-contentPopup-frame"><iframe scrolling="no"></iframe></gdiv></gdiv></gdiv></gdiv></gdiv>