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Bank Negara maintains OPR at 2.75pct
In a statement, the central bank said the latest indicators point to resilient global growth, supported by strong global tech expansion, improving supply conditions, and stable labour markets.
It said inflation has edged lower in recent months but is expected to...
Bank Negara’s monetary policy committee has decided to maintain the Overnight Policy Rate (OPR) at 2.75 percent at its meeting today.
In a statement, the central bank said the latest indicators point to resilient global growth, supported by strong global tech expansion, improving supply conditions, and stable labour markets.
It said inflation has edged lower in recent months but is expected to remain elevated given the lagged pass-through of energy costs to consumer prices.
“Going forward, while uncertainties surrounding the West Asia conflict will continue to weigh on global growth amid continued inflationary pressures, the impact is expected to be cushioned by sustained tech-related spending,” it said.
- Bernama
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