Monetary Policy Committee

Bank Negara Malaysia said the global economy continues to expand amid resilient labour markets and continued recovery in global trade.

BNM kept the OPR at 3.00 pct at its July 5-6 Monetary Policy Committee meeting, after raising by 25 basis points at the May 2-3 meeting.

Global growth, however, remains weighed down by persistent core inflation and higher interest rates, BNM said.

A pause would have provided the monetary policy space by cushioning the impact of a slowdown whilst allowing for cuts later.

The government does not intervene in decisions on the OPR as this is determined by Bank Negara Malaysia's (BNM) monetary policy committee (MPC), said Finance Minister Tengku Zafrul Abdul Aziz.

BNM said the ceiling and floor rates of the corridor of the OPR are correspondingly increased to 2.75 pct and 2.25 pct respectively.

At the current OPR level, the stance of monetary policy remains accommodative and supportive of economic growth, BNM said.

BNM's Monetary Policy Committee considers the stance of monetary policy to be appropriate and accommodative.

Growth for 2020 is expected to be near the lower end of the earlier forecasted range.

Investors' appetite was boosted by Prime Minister Tan Sri Muhyiddin Yassin's announcement of the RM15 billion Malaysian Economic and Rakyat's Protection Assistance Package (PERMAI) yesterday.

A dealer said that crude oil prices are expected to stabilise in line with the progress in the COVID-19 vaccine rollout.

The reduction in the OPR will provide additional policy stimulus to accelerate the pace of economic recovery.

Thailands Monetary Policy Committee has expressed concerns over the strength of the baht that could derail the kingdom's economic recovery.

At the Monetary Policy Committee (MPC) meeting today, Bank Negara Malaysia decided to increase the Overnight Policy Rate (OPR) by 25 basis points to 3.25 percent.

Bank Negara Malaysia today announced that the Minister of Finance has approved the appointment of Chew Cheng Lian as Deputy Governor for a three-year term effective 1 January 2018.

The draft finance deal criticised by both developed and developing nations.

This was following the discovery of a suspected prohibited item in luggage.

Kelantan has reminded the public in the state to refrain from outdoor activities with the arrival of the Northeast Monsoon season.

Former New Zealand prime minister Jacinda Ardern was given a global leadership award by the United Nations Foundation.

The decision of the ICC to issue arrest warrants against Benjamin Netanyahu and Yoav Gallant is apt, said Datuk Seri Anwar Ibrahim.

KTMB will provide two additional ETS trains for the KL Sentral-Padang Besar route and return trips in conjunction with the holidays.

Malaysia's international reserves rose to US$118.0 billion as at Nov 15, 2024, up from US$117.6 billion on Oct 30, 2024.

The findings announced are part of a years-long study of the history of the cosmos focusing upon dark energy.

The Ministry of Natural Resources and Environmental Sustainability (NRES) wishes to offer the following clarifications to the issues raised.

The Online Safety Advocacy Group (OSAG) stands united with people in Malaysia in the fight against serious online harms.