Malaysia's economy expanded substantially in a year, supported by a rise in consumer spending that helped services and manufacturing rebound. This gave the central bank more room to concentrate on combating inflation.
According to Bank Negara Malaysia (BNM), gross domestic product expanded 8.9% in April-June from a year ago, beating the 7% median estimate in…
Bank Negara Malaysia’s (BNM) overnight policy rate (OPR) cut yesterday is considered as a “tactical” move to keep the growth momentum intact and provide sufficient liquidity in the market, an economist said.
“It gives banks clear forward guidance that interest rate would be lowered in a structured manner in the months to come,” IQI Global…
Bank Negara Malaysia has decided to lower the Overnight Policy Rate to 2.75% from 3% previously, following the meeting of its Monetary Policy Committee meeting.
In a statement, BNM said the adjustment to the OPR is a pre-emptive measure to secure the improving growth trajectory amid price stability.
“At this current level of the…