Bank Negara maintains OPR at 2.75%

Bank Negara Malaysia (BNM) has kept its overnight policy rate (OPR) at 2.75%, according to its latest monetary policy committee meeting. The central bank had last changed the OPR in July 2025, reducing it from 3% to encourage growth amid external challenges.

In a statement, BNM affirmed that the current OPR is suitable and in line with its vision of sustained price stability and robust economic expansion. Recent data indicate resilient global growth fueled by robust tech sector expansion, improving supply situations, and a steady labor market. The central bank noted that while geopolitical tensions in the Middle East will persistently affect global growth and inflationary pressures, the impact can be mitigated by ongoing spending on technology.

However, BNM highlighted that risks to global growth persist due to protracted geopolitical conflicts, tighter financial conditions worldwide, and valuation concerns in financial markets. There is also potential for upside, such as increased tech spending, a quicker-than-anticipated recovery in supply chain conditions, and pro-growth policies in major economies.

As these factors remain uncertain, BNM's Monetary Policy Committee will remain attentive to cost pressures and domestic demand conditions, recognizing their influence on inflation expectations.