In a past interview, Yam said that the 'happy faces here' made him feel relaxed.
KUALA LUMPUR: Bank Negara kept the overnight policy rate steady at 3% after its monetary policy committee meeting, a move widely expected by economists.
“The MPC remains vigilant to ongoing developments to inform the assessment on the outlook of domestic inflation and growth. The MPC will ensure that the monetary policy stance remains conducive to sustainable economic growth amid price stability,” it said in a statement. It noted that the growth outlook remains subject to downside risks, mainly from further escalation of geopolitical tensions, higher-than-anticipated inflation outturns, and volatility in global financial markets.
“Investment activity would be supported by the ongoing progress of multi-year projects in both the private and public sectors, the implementation of catalytic initiatives under the national master plans, as well as the higher realisation of approved investments,” Bank Negara said. It said the outlook for the rest of the year is dependent on the implementation of domestic policy on subsidies and price controls, as well as global commodity prices and financial market developments.
Bank Negara OPR Monetary Policy MPC
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
CIMB Research expects Bank Negara’s OPR to stay at 3.0pcKUALA LUMPUR, May 8 ― Bank Negara Malaysia (BNM) is expected to extend its rate pause pending finer details on fuel subsidy rationalisation plans, keeping the overnight policy...
Read more »
Bank Negara Malaysia likely to hold OPR steady at 3%, says StanChartPETALING JAYA: Bank Negara Malaysia (BNM) is expected to keep the overnight policy rate (OPR) unchanged at 3% at the upcoming monetary policy meeting on May 9, according to Standard Chartered Global Research (StanChart).
Read more »
Tembakan di KLIA: Foto suspek diedar ke pintu masuk negara, pihak berkuasa negara jiranKUALA LUMPUR: Polis telah mengedarkan foto suspek yang terlibat dalam kejadian tembakan di Lapangan Terbang Antarabangsa Kuala Lumpur (KLIA) Terminal ...
Read more »
Bank Negara: Official reserves assets at US$113.76b as at end-MarchKUALA LUMPUR: Malaysia’s official reserve assets amounted to US$113.76 billion (RM542.76 billion) as at end-March, 2024, while other foreign currency ...
Read more »
Bank Negara: Malaysia’s official reserves assets at US$113.76b as of end-march 2024KUALA LUMPUR, April 30 ― Malaysia’s official reserve assets amounted to US$113.76 billion (RM542.36) as of end-March, 2024, while other foreign currency assets stood at...
Read more »
Malaysia, Indonesia should forge alliance to enhance Islamic finance, fintech growth in Asean, says Bank NegaraKUALA LUMPUR, April 23 — Leading countries in the Islamic finance space within the Asean region, such as Malaysia and Indonesia, should collaborate in the banking and takaful...
Read more »