Bank Negara Malaysia (BNM) has kept the Overnight Policy Rate (OPR) steady at 2.75%.
The Monetary Policy Committee (MPC) described the current setting as suitable, aiding growth while keeping prices stable.
In today’s statement, the MPC noted global growth continues to expand, backed by strong job markets, easing inflation, and supportive fiscal and monetary measures.
Yet, risks linger from possible tariff hikes, geopolitical strains, and high market valuations.
Domestically, Malaysia’s economy outperformed expectations in the third quarter.
Growth stemmed from robust household spending, strong electrical and electronics exports, and rebounding commodity production.
“Resilient domestic demand will continue to support growth going into 2026,” BNM said.
It pointed to steady jobs, rising wages, and income-boosting policies as key drivers for consumer spending.
Investment is set to stay firm, fuelled by multi-year public and private projects, plus efforts under the Thirteenth Malaysia Plan and Budget 2026.
Headline and core inflation should remain mild in 2026, averaging 1.4% and 1.9% year-to-date so far.
BNM linked this to falling global costs, steady commodity prices, and no overheated local demand.
“At the current OPR level, the MPC considers the monetary policy stance to be appropriate and supportive of the economy amid price stability,” the statement affirmed.
The MPC has set its 2026 meeting dates: Jan 22, Mar 5, May 7, Jul 9, Sept 3, and Nov 5.
