BNM Holds OPR at 2.75% to Support Growth Amid Global Uncertainty

KUALA LUMPUR, Sept 4 — Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) has decided to maintain the Overnight Policy Rate (OPR) at 2.75% following its latest meeting.

The central bank said global growth continues to expand, supported by strong consumer spending, positive labour market conditions, and fiscal stimulus. The easing of trade uncertainties has provided some relief, though risks remain from potential tariff hikes and geopolitical tensions.

Growth

Malaysia’s economy grew 4.4% in the first half of 2025 and is projected to expand between 4% and 4.8% this year, driven by resilient domestic demand, investment activities, and multi-year development projects under the Thirteenth Malaysia Plan. Looking ahead to 2026, growth will be underpinned by strong household spending, ongoing investments, and robust export prospects.

Inflation remains contained, with headline inflation averaging 1.4% and core inflation at 1.9% in the first seven months of 2025. Both are expected to stay moderate amid easing global commodity prices.

BNM said the current OPR level is appropriate and will continue to monitor global and domestic developments to ensure price stability while supporting economic growth.

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