KUALA LUMPUR (Oct 16): Bank Negara Malaysia’s (BNM) decisions on the overnight policy rate (OPR) will continue to be driven by the country’s growth and inflation outlook, said Finance Minister II Datuk Seri Amir Hamzah Azizan.
He said that the current OPR of 3% is conducive to supporting economic growth.
“BNM’s point of view differs from other central banks, and is more dependent on our own circumstances.
“For now, Malaysia’s economy is currently in a favourable position, and price pressures remain under control,” he said in a written reply read by Deputy Works Minister Datuk Seri Ahmad Maslan in the Dewan Rakyat on Wednesday.
He was replying to a supplementary question from Chong Zhemin (Pakatan Harapan-Kampar), who wanted to know if BNM will follow the US and UK central banks in lowering their monetary policy rates.
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Source: EdgeProp.my
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