KUALA LUMPUR: Bank Negara Malaysia has maintained the Overnight Policy Rate (OPR) at 3.00 per cent at yesterday’s Monetary Policy Meeting held amid moderate global growth in the first quarter of the year.
The central bank said several key economies were affected by weather-related and policy-induced factors.
Looking ahead, Bank Negara said the global economy was expected to remain on a gradual recovery path.
In Asia, the better external environment provided further support to growth amid continued expansion in domestic demand, the central bank said in a statement.
“Conditions in the international financial markets have also improved following gradual and orderly policy adjustments in major advanced economies while the impact from geopolitical developments remains contained,” it added.
Back home, Bank Negara said the latest indicators suggested that the domestic economy continued to register favourable performance in the first quarter.
Going forward, growth would remain anchored by domestic demand with additional support from the improved external environment, said Bank Negara. — Bernama