Bank Negara maintains OPR at 2.75%

PETALING JAYA: Bank Negara Malaysia (BNM) has kept its overnight policy rate (OPR) at 2.75%, following its latest monetary policy committee meeting.

The central bank last adjusted the OPR in July 2025, when it lowered the rate from 3% as a pre-emptive measure to cushion growth against external headwinds.

In a statement, BNM said the current OPR was appropriate and consistent with its outlook of continued price stability and sustainable economic growth.

It said strong global tech expansion as well as improving supply conditions and commodity prices pointed to resilient global growth, while a sustained de-escalation of the Middle East conflict would further improve conditions.

“For Malaysia, latest developments point towards resilient growth in the second quarter, driven by sustained domestic demand and stronger-than-expected export performance.

“Ongoing uncertainties surrounding the Middle East conflict could affect the outlook of domestic inflation and growth, but Malaysia’s strong fundamentals will continue to underpin the economy’s resilience against external shocks,” it said in a statement.

BNM said headline and core inflation from January to May averaged 1.7% and 2.1%, respectively, broadly within its projections.

While developments in the Middle East remain fluid, the central bank expects any impact on inflation to remain contained.

“The monetary policy committee will remain vigilant to ongoing developments and assess the balance of risks surrounding the outlook for domestic inflation and growth,” it said.