BNM: OPR remains at 1.75pc, headline inflation to average 2.5-4.0pc in 2021 | Malay Mail

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KUALA LUMPUR, May 6 — Bank Negara Malaysia (BNM) has maintained the overnight policy rate (OPR) at 1.75 per cent at its third Monetary Policy Committee (MPC) meeting today. In a statement, BNM said the MPC considered the stance of monetary policy to be appropriate and accommodative. “Given the...

Thursday, 06 May 2021 04:48 PM MYT

The central bank said it also remained committed to utilise its policy levers as appropriate to foster enabling conditions for a sustainable economic recovery. It said the growth trajectory is projected to improve, driven by the stronger recovery in global demand and increased public and private sector expenditure amid continued support from policy measures.

It said the ongoing rollout of vaccination programmes and sizeable fiscal stimulus measures in the United States, as well as policy support in other major economies would further facilitate an improvement in domestic demand.

 

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