At its 11 May monetary policy meeting, the Central Bank left the Overnight Policy Rate (OPR) unchanged at 3.00% for the 12th straight month, in a move that was widely expected by the market. Bank Negara Malaysia decided to keep the OPR on hold due to renewed stress in international financial markets as well as the uncertain outlook in Europe. Moreover, economic activity in Asia continues to be affected by the slowdown in global trade. On the domestic front, the Bank stated the Malaysian economy has been supported by robust growth in consumption and investment. Going forward, the Bank assured that this trend will continue, while inflation is expected to ease.
Malaysia Monetary Policy
Central Bank keeps interest rate on hold
May 11, 2012
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Malaysia Economic News
October 12, 2016
Industrial production increased 4.9% in August from the same month last year.
October 7, 2016
Exports in USD terms rose 3.3% annually in August, which was a sharp improvement over July’s 8.9% contraction (previously reported: -8.7% year-on-year).
September 23, 2016
In August, consumer prices rose 0.43% over the previous month, which was slightly up from the 0.26% increase registered in July, according to the Department of Statistics Malaysia.
September 16, 2016
The ringgit has had a tumultuous week as a combination of factors, both domestic and external, have impacted the currency.
September 10, 2016
Industrial production increased 4.1% in July over the same month last year.