Kuala Lumpur: Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) has decided to maintain the Overnight Policy Rate (OPR) at 3.0 per cent at its meeting today. The central bank’s decision comes amidst a global economic climate influenced by labour market conditions, moderating inflation, and less restrictive monetary policies.

According to BERNAMA News Agency, BNM stated that the global economy is expected to be sustained by positive labour market conditions, a trend of moderating inflation, and less restrictive monetary policies. Additionally, disinflation in advanced economies is projected to continue, aided by decreasing commodity prices and the diminishing effects of previous monetary policy tightening.

BNM also remarked that global trade is predicted to remain supported by the ongoing technology upcycle. Despite these positive indicators, the central bank noted that the outlook for global growth, inflation, and trade is subject to significant uncertainties. These uncertainties stem from tariff and policy decisions in major economies and ongoing geopolitical developments.

Furthermore, BNM warned that such uncertainties could lead to increased volatility in global financial markets, highlighting the complex interplay of factors influencing the current economic landscape.