At its 5 July 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 unchanged since May 2011. Bank Negara Malaysia decided to keep the OPR on hold due to "considerable uncertainties in the global economic and financial environment". That said, "pressures in the international financial markets have receded following the recent policy announcements to address the European crisis". In addition, the Bank stressed that "the global economic recovery has moderated in the recent months". On the domestic front, the Bank stated consumption and investment remain resilient, while inflation is expected to remain moderate until the end of the year.
Malaysia Monetary Policy
Central Bank stays put in July
July 5, 2012
Looking for forecasts related to Monetary Policy in Malaysia? Download a sample report now.
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.