Monetary policy remains accommodative of economy - BNM

Malaysia’s monetary policy remains accommodative of the country’s economy just not at the level required during the height of the pandemic as the gradual hike in the overnight policy rate (OPR) from its historical low of 1.75 percent to 2.0 percent will allow the market to adjust accordingly

He emphasised that Malaysia’s condition differs from that of other nations and that it is crucial to normalise the interest rate in order to stimulate the economy.

“The Monetary Policy Committee’s decision to increase the OPR by 25 basis points was based on the country’s growth...