Bank Negara Malaysia (BNM) hold the Overnight Policy Rate (OPR) unchanged at the historical low of 1.75% in its Monetary Policy Committee (MPC) meeting on 3 Mar. The central bank will express its cautious stance while maintaining its assessment of the economy and inflation outlook. BNM has been in this status quo since July 2020 to support the economy’s fragile recovery.
After two years of uncertainties brought on by the unexpected arrival of the COVID19 pandemic, the worst might finally be over for Malaysia’s economy as the nation gradually shifts its gear back to a recovery mode. After facing the worst recession since the Global Financial Crisis (GFC) in 2020, Malaysia started to show improvements in its economic growth. Malaysia’s financial conditions have also improved during the year due to the reopening of the economy and the resumption of businesses.
Source: BIMB Securities Research - 4 Mar 2022
Created by kltrader | Aug 12, 2024
Created by kltrader | Aug 12, 2024
Created by kltrader | Aug 09, 2024
Created by kltrader | Aug 09, 2024