At its 8 November 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 stated that the global economy remains weak and uncertainties surrounding growth prospects for advanced economies persist. On the domestic front, the Bank acknowledged that robust domestic activity has offset the weaknesses seen in the external sector, while inflationary pressures are expected to remain subdued for the reminder of 2012 and then slightly increase in 2013.
Malaysia Monetary Policy
Central Bank maintains key policy rate at 3.00%
November 8, 2012
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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.