Bank Negara Malaysia Policy Unchanged
May 7, 2015
“At the current level of the OPR, the stance of monetary policy remains accommodative and supportive of economic activity,” asserts Malaysia’s latest monetary policy statement. The overnight policy rate (OPR) has been at 3.25% since a 25-basis point increase last July. Four previous 25-bp increase were undertaken in March, May and July of 2010 and May 2011. Today’s statement predicts continuing “contained” core inflation, stable domestic demand, and upwardly trending headline inflation from the current low base of 0.7%.
Copyright 2015, Larry Greenberg. All rights reserved. No secondary distribution without express permission.
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