Nation's economic resilience allows BNM to hold OPR at 2.75%, says Amir Hamzah
MALAYSIA'S resilient economic growth and controlled inflation have enabled Bank Negara Malaysia (BNM) to maintain its benchmark interest rate at 2.75 per cent, sparing businesses from additional borrowing costs, says Finance Minister II Datuk Ser...
Finance Minister II, Datuk Seri Amir Hamzah Azizan, explained on November 15, 2026, that Malaysia's economic resilience and controlled inflation have enabled Bank Negara Malaysia (BNM) to keep its benchmark interest rate at 2.75%, avoiding additional borrowing costs for businesses. He stated that the country's economic conditions were relatively stable compared to economies dealing with high inflation, overheating, and supply chain disruptions.
The Monetary Policy Committee (MPC) concluded that inflation was under control and GDP growth remained strong, leading to the decision to maintain the OPR. This decision provides businesses with room to continue growing, according to Hamzah. He noted that Malaysia's favorable economic conditions were due to the Madani government's comprehensive approach to economic management.
Market analysts predict a potential 25-basis-point increase in the OPR to 3.0% in the first quarter of 2027, based on BNM's higher inflation outlook and resilient economic growth. However, Hamzah emphasized that decisions on the benchmark rate are solely within BNM's purview, determined through the MPC process based on prevailing economic and inflation conditions.
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