KUALA LUMPUR, Sept 5 — Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) has decided to maintain the overnight policy rate (OPR) at 3.00 per cent at its meeting...
What you should know about: Getting your money back for AirAsia, MAB, Batik Air flights late five hours or moreBNM also said that the global economy continues to expand amid resilient labour markets and continued recovery in global trade. — Picture by Yusof Mat IsaKUALA LUMPUR, Sept 5 — Bank Negara Malaysia’s Monetary Policy Committee has decided to maintain the overnight policy rate at 3.00 per cent at its meeting today.
“Global growth is expected to be sustained by positive labour market conditions, moderating inflation and less restrictive monetary policy. BNM said that the Malaysian economy expanded by 5.1 per cent in the first half of 2024 , driven by resilient domestic expenditure and higher export activity. Additionally, the robust expansion in investment activity would be sustained by the 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, it said.
“Meanwhile, upside risks to growth mainly emanate from greater spillover from the tech upcycle, more robust tourism activity, and faster implementation of investment projects,” said BNM.
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