Economists: Retaining OPR at 3pct will build market confidence

Bank Negara Malaysia’s (BNM) decision to hold the overnight policy rate (OPR) at 3.0 percent in its last Monetary Policy Meeting (MPC) of this year is in line with consensus expectations and will help build market confidence, said economists.

Malaysia University of Science and Technology economist Geoffrey Williams said today’s decision signals that the central bank has followed the right policy and has been effective in bringing down headline inflation and supporting underlying growth and financial stability amid a difficult global economic environment...