Brace for interest rate hike
Although the OPR was maintained at 3%, the central bank said policymakers may consider reviewing the current degree of monetary accommodation, given the strength of the global and domestic macroeconomic conditions.
PETALING JAYA: Bank Negara gave its strongest signal yet that the benchmark overnight policy rate (OPR) may be raised following a meeting of policymakers yesterday.
Although the OPR was maintained at 3%, the central bank said policymakers may consider reviewing the current degree of monetary accommodation, given the strength of the global and domestic macroeconomic conditions.
“This is to ensure the sustainability of the growth prospects of the Malaysian economy,” it said.
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