PETALING JAYA: Bank Negara Malaysia (BNM) is expected to hold its overnight policy rate (OPR) at 3% until the end of 2024, says BMI, a Fitch Solutions company.
PETALING JAYA: Bank Negara Malaysia is expected to hold its overnight policy rate at 3% until the end of 2024, says BMI, a Fitch Solutions company.
SPONSORED CONTENT Sabah revenue hits RM6.97 billion: Hajiji says GRS State Government may see full term Kota Kinabalu: The Sabah Government continued its momentum in managing the economy in line with the commitment and spirit of the Sabah Maju Jaya when it posted record high state revenue of RM6.973 billion last year. Read more Firstly, it said the current inflation trajectory does not pose a threat to the central bank’s inflation target.
“We have been reiterating that the BNM will be wary of loosening monetary policy for fear of destabilising the currency as global monetary conditions remain tight,” it said, adding that BNM is aligned on this view and expects the global monetary policy stance ‘to remain tight’ in the short term. Further, it forecasted underlying price pressures to ease across 2024 and for it to average 2% in 2024, down from 2.5% in 2023.