Kuala lumpur: Bank Negara Malaysia's Monetary Policy Committee (MPC) has maintained the Overnight Policy Rate (OPR) at 2.75 per cent during its meeting today. In a statement, the central bank said that at the current OPR level, the MPC considers the monetary policy stance appropriate and consistent with the outlook for continued price stability and sustainable economic growth.

According to BERNAMA News Agency, the central bank emphasized that the MPC will remain vigilant to ongoing developments and assess the balance of risks surrounding the outlook for domestic inflation and growth. The central bank noted that global growth remained resilient in the first quarter of 2026, supported mainly by sustained domestic demand and continued global tech expansion.

However, the bank acknowledged that sharp increases in energy and commodity prices, alongside supply chain disruptions from the West Asia conflict, are beginning to weigh on the global growth momentum. It highlighted that downside risks to global growth remain elevated, stemming from uncertainties surrounding the length and severity of the conflict, tighter global financial conditions, and concerns over valuations in financial markets.

Furthermore, the central bank pointed out that upside potential includes the de-escalation of the conflict, which could lead to improving supply chain conditions, stronger tech spending, and pro-growth policy measures in key economies.