{
  "id": 18483564,
  "title": "OPR stays at 2.75pc as Bank Negara sees no need to tighten monetary policy, says governor",
  "url": "https://urgent.news/2026/11/06/opr-stays-at-2-75pc-as-bank-negara-sees-no-need-to-tighten-monetary-18483564",
  "topic": "world",
  "section": "World",
  "published": "2026-11-06T09:55:07.000Z",
  "source": {
    "name": "Malay Mail",
    "slug": "malay-mail",
    "url": "https://www.malaymail.com/news/malaysia/2026/11/06/opr-stays-at-275pc-as-bank-negara-sees-no-need-to-tighten-monetary-policy-says-governor/242232"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR, Nov 6 — Bank Negara Malaysia (BNM) decided to keep the Overnight Policy Rate (OPR) at 2.75% as the governor, Datuk Seri Abdul Rasheed Ghaffour, affirmed the rate's compatibility with price stability and economic growth. In an interview with Bernama following the OPR announcement, Abdul Rasheed expressed confidence in Malaysia's economic outlook, citing global resilience bolstered by technology investments and AI adoption. The nation's economy expanded by 5.3% in the third quarter, with an average growth rate of 5.6% for the first three quarters. Domestic demand persisted due to ongoing household spending, structural reforms, and investments, while exports thrived on strong demand for E&E products, fueled by the AI and technology surge. The central bank is content with inflation presently under control, indicating no urgent need for rate adjustments. However, the Monetary Policy Committee (MPC) remains watchful for any signs of inflationary pressure and is prepared to modify policy if necessary. Factors such as rising wages could potentially stimulate demand and exert upward pressure on prices, prompting a possible policy review. Despite projecting Malaysia's economic growth to surpass five percent this year, the outlook for 2027 remains optimistic, contingent on sustained domestic demand, continued investments, and robust external demand, particularly in technology-related commodities. While the trajectory for 2027 may experience some moderation, Abdul Rasheed underscored that domestic demand would remain buoyed by improving incomes, structural reforms, and Budget 2027 initiatives. The global AI and technology boom, coupled with demand for data centers, shall remain significant growth catalysts in the following year. Malaysia's diverse economy and solid reserves are expected to aid the country in navigating global uncertainties. Realized investments from past years and forthcoming investments are anticipated to amplify the economic multiplier effect. Nonetheless, inflation is projected to climb to 1.8 to 2.8% next year, up from 1.5 to 2.5% this year, owing to persistently high input prices.",
  "summary": "KUALA LUMPUR, Nov 6 — Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}