Bank Negara maintains 3% OPR, as widely anticipated

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KUALA LUMPUR: Bank Negara has maintained its overnight policy rate (OPR) at 3%, in line with the expectations of economists.

"Employment and wage growth, as well as policy measures, including the upward revision of the minimum wage and civil servant salaries, will support household spending," it said.

Meanwhile, a robust expansion in investment activity will be sustained by the progress of multi-year projects in both the private and public sectors, the continued high realisation of approved investments, as well as the ongoing implementation of catalytic initiatives under the national master plans.

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: Benchmark Lending Banking Interest rate OPR Inflation /Business/Business News Bank Negara

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-06 @ 15:01:00 (6 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 348 words

Reading Time: 2 minutes read

Sentences: 14 lines

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Copyright Owner: © The Star

News ID: 26691396

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