{"id":56930,"date":"2023-07-07T17:54:41","date_gmt":"2023-07-07T09:54:41","guid":{"rendered":"http:\/\/wordpress-my-161844363.ap-southeast-1.elb.amazonaws.com\/articles\/?p=56930"},"modified":"2023-07-07T17:54:41","modified_gmt":"2023-07-07T09:54:41","slug":"bnm-opr-remains","status":"publish","type":"post","link":"https:\/\/www.imoney.my\/articles\/bnm-opr-remains","title":{"rendered":"BNM Keeps OPR At 3.00%"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">The Monetary Policy Committee (MPC) of Bank Negara Malaysia recently held a meeting, in which they decided to maintain the Overnight Policy Rate (OPR) at 3.00 percent.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In a statement, the central bank also mentioned that the global economy continues to grow, driven by strong domestic demand and good labour market conditions.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On the other hand, global growth continues to be weighed down by persistent core inflation and higher interest rates.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Other highlights of the BNM statement include:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Malaysian economy expanded at a more moderate pace in Q2 2023<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Local economy affected by the slowdown in external demand for Q2<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Household spending underpinned by favourable labour market conditions in domestic-oriented sectors<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Here\u2019s a snapshot of the OPR decisions since January 2020.<\/span><\/p>\n<p><a href=\"http:\/\/wordpress-my-161844363.ap-southeast-1.elb.amazonaws.com\/articles\/wp-content\/uploads\/2023\/07\/5.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-56932\" src=\"http:\/\/wordpress-my-161844363.ap-southeast-1.elb.amazonaws.com\/articles\/wp-content\/uploads\/2023\/07\/5.jpg\" alt=\"\" width=\"898\" height=\"1600\" srcset=\"https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2023\/07\/07175242\/5.jpg 898w, https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2023\/07\/07175242\/5-300x535.jpg 300w, https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2023\/07\/07175242\/5-800x1425.jpg 800w, https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2023\/07\/07175242\/5-768x1368.jpg 768w, https:\/\/static.imoney.my\/articles\/wp-content\/uploads\/2023\/07\/07175242\/5-862x1536.jpg 862w\" sizes=\"auto, (max-width: 898px) 100vw, 898px\" \/><\/a><br \/>\n<i><span style=\"font-weight: 400;\">Source: <\/span><\/i><a href=\"https:\/\/www.bnm.gov.my\/monetary-stability\/opr-decisions\" target=\"_blank\" rel=\"noopener nofollow noreferrer\"><i><span style=\"font-weight: 400;\">BNM OPR decisions<\/span><\/i><\/a><\/p>\n<p><span style=\"font-weight: 400;\">The central bank said at the current OPR level, the monetary policy stance is slightly accommodative and remains supportive of the economy.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Additionally, the MPC sees &#8220;limited risks&#8221; of future financial imbalances and remains vigilant to ongoing developments; promising to ensure that the monetary policy stance remains conducive to sustainable economic growth amid price stability.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The current stance remains supportive of the economy.<\/p>\n","protected":false},"author":58,"featured_media":56933,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[216],"tags":[521,982,826],"class_list":["post-56930","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-updates","tag-bank-negara-malaysia","tag-news","tag-opr"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BNM Keeps OPR At 3.00%<\/title>\n<meta name=\"description\" content=\"With BNM keeping the OPR at 3.00%, people can expect little to no change in fixed deposit rates and the price of borrowing money.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.imoney.my\/articles\/bnm-opr-remains\" \/>\n<meta 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