Bank Negara Malaysia (BNM) has maintained the Overnight Policy Rate (OPR) at 2.75% following its Monetary Policy Committee (MPC) meeting on Sept 4, saying the stance remains appropriate to support economic growth while keeping inflation in check.
The central bank noted that Malaysia’s economy expanded by 4.4% in the first half of 2025 and is on track to grow between 4% and 4.8% for the full year, underpinned by resilient domestic demand, steady employment and wage growth, as well as ongoing private and public sector investments.
“Global growth indicators continue to show expansion, supported by consumer spending, easing monetary policies and fiscal stimulus in major economies,” it said in a statement.
However, BNM cautioned that risks from trade tensions, potential tariffs and geopolitical uncertainties could weigh on the outlook.
Inflation pressures remain contained, with headline inflation averaging 1.4% and core inflation at 1.9% in the first seven months of the year. The central bank expects inflation to stay moderate through 2025 and 2026, aided by easing global commodity prices and the absence of excessive demand pressures.
“At the current OPR level, the MPC considers the monetary policy stance to be appropriate and supportive of the economy amid price stability,” BNM said in a statement.
The central bank added it would continue to monitor global and domestic developments to ensure monetary policy remains conducive to sustainable growth while safeguarding price stability.
