Bank Negara maintains OPR at 1.75 pct

Bank Negara Malaysia has maintained the overnight policy rate (OPR) at 1.75 percent at its second monetary policy committee (MPC) meeting today.

The central bank's MPC considers the stance of monetary policy to be appropriate and accommodative.

"Given the uncertainties surrounding the pandemic, the stance of monetary policy going forward will continue to be determined by new data and information, and their implications on the overall outlook for inflation and domestic growth.

"The bank remains committed to utilising its policy levers as appropriate to foster enabling conditions for a sustainable economic...