At its 31 January monetary policy meeting, the Central Bank left the Overnight Policy Rate (OPR) unchanged at 3.00%, in a move that was widely expected by the market. The Bank has maintained its policy rate at the current level since May 2011. Bank Negara Malaysia noted that the global economy is showing signs of improvement but that fiscal consolidation and weak labor market conditions continue to drag on consumption. Regarding the external environment, the Bank pointed that Asian economies continue to grow on the back of strong domestic demand. On the Malaysian economy, the Bank foresees domestic demand to steam ahead and the external sector to improve gradually. Regarding prices, the Committee expects inflation to remain contained, as modest growth offsets short-term inflationary pressures.
Malaysia Monetary Policy
Central Bank keeps rates on hold
January 31, 2013
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Malaysia Monetary Policy Chart
Note: Overnight Policy Rate in %.
Source: Malaysia Central Bank.
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.