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THE Monetary Policy Committee (MPC) of Bank Negara Malaysia (BNM) maintained the Overnight Policy Rate (OPR) at 2.75 per cent, in line with the outlook for continued sustainable economic growth and contained inflation.
BNM said the latest indicators pointed to resilient global growth overall, supported by strong technological expansion and improving supply conditions and prices of key commodities.
“At the current OPR level, the MPC is of the view that the stance of monetary policy is appropriate and consistent with the prospects for continued price stability and sustained economic growth.
“The MPC will continue to monitor developments and assess the balance of risks to the outlook for inflation and domestic growth,” it said in a statement.
The central bank said the continued easing of the conflict situation in West Asia would further improve global supply chain conditions going forward.
It said downside risks to global growth remained, stemming from ongoing uncertainties related to the conflict, tighter global financial conditions and valuation concerns in financial markets.
“Potential growth momentum includes faster-than-expected recovery in supply chain conditions, stronger technology spending and policy measures supporting growth in advanced economies,” it said.
For Malaysia, BNM said recent developments pointed to resilient growth in the second quarter, driven by sustained domestic demand and stronger-than-expected export performance.
“The ongoing uncertainty over the West Asian conflict could weigh on the inflation and domestic growth outlook.
“Malaysia’s strong fundamentals will continue to support the country’s economic resilience to external shocks. Employment, wage growth and policy measures will continue to support household spending,” it said.
The last time the central bank adjusted the OPR was in July 2025, when the rate was lowered to 2.75 per cent from three per cent as an initial step to support economic growth in the face of external challenges. – July 9, 2026
