BNM Expected to Maintain OPR at 2.75% as Global Risks Weigh on Policy Outlook
KUALA LUMPUR, March 3 — Bank Negara Malaysia (BNM) is expected to keep its Overnight Policy Rate (OPR) unchanged at 2.75 per cent during its upcoming Monetary Policy Committee meeting, as the central bank balances domestic stability with rising global uncertainties.
Bank Muamalat chief economist Dr Mohd Afzanizam Abdul Rashid said Malaysia’s economy has remained resilient despite global challenges.
He said this stability reduces the urgency for immediate policy changes.
Bank lending trends remain supportive
Dr Mohd Afzanizam said loan growth remained steady at 4.7 per cent in January.
He said household lending stayed strong.
Business financing continued to expand.
He added that low impaired loan ratios indicate financial stability.
Geopolitical risks influencing outlook
He said geopolitical tensions, particularly in the Middle East, could impact oil prices.
He noted that global risks remain uncertain.
This may influence policy decisions.
BNM likely to adopt cautious approach
He said BNM will continue monitoring economic developments.
He said maintaining stability remains a priority.
BNM has kept the OPR unchanged since July last year.
-wilayah.com.my
