Bank Negara maintains OPR at 1.75%

TheStar Wed, Jan 20, 2021 03:08pm - 5 years View Original

“For 2021, while near-term growth will be affected by the re-introduction of stricter containment measures, the impact will be less severe than that experienced in 2020, ” it said.

KUALA LUMPUR: Bank Negara Malaysia’s Monetary Policy Committee (MPC) kept the Overnight Policy Rate (OPR) unchanged at 1.75% during its meeting on Wednesday.

It said in a statement that for Malaysia, the resurgence in Covid-19 cases and the introduction of targeted containment measures has affected the recovery momentum in the fourth quarter of 2020.

“As a result, growth for 2020 is expected to be near the lower end of the earlier forecasted range.

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