Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) has decided at its meeting today to maintain the overnight policy rate (OPR) at 3.00 percent.

The central bank said the global economy continues to expand amid resilient labour markets and continued recovery in global trade.

“Looking ahead, positive labour market conditions are expected to sustain global growth, moderating inflation and less restrictive monetary policy,” it said in a statement.

BNM said global trade recovery is expected to continue, supported by both electrical and electronics (E&E) as well as non-E&E products.

- Bernama