Fb
Local
Business
Sports
Leisure
BM
Kadazan Dusun
EDUCATION
Archives
Latest News
 
Nst-studio
12 sikul id Tuaran kotoimo sakadai RM1 bilion |  Pisokodungan ogirot kapanahak koundaran kumaa artis nokoiyonon |  Seri Mengasih Centre expected to relocate by December |  Pertisa dan VOKfm yakin hubungan baik beri manfaat pada artis |  Masyarakat perlu sentiasa bekerjasama membantu usaha perangi wabak denggi |  Kekaumas berjaya adakan program Sembang Santai bersama No’man |  Ketua Menteri akan rasmi Pesta Gambus Peringkat Negeri Ahad ini |  Pengampunan 2.0 diadakan di Inanam 24 dan 25 Feb ini |  Institusi JKKK penting tarik penglibatan rakyat majukan luar bandar: Musa |  Winning start for Juniors |  Jesselton Reds anniversary dinner on March 17 |  Luton A outgun Luton C in decider |  Football legends can transform youngsters into better players |  A clinical psychologist in East Malaysia |  Brazen street brawl caught police attention | 
 Business

BNM’s Monetary Policy Committee decides to maintain OPR at 3 pct

8th September, 2017

KOTA KINABALU: The Monetary Policy Committee (MPC) of Bank Negara Malaysia (BNM) has decided to maintain the Overnight Policy Rate (OPR) at 3 per cent.

BNM yesterday said that the global economy continues to strengthen with growth becoming more entrenched and synchronised across countries.

“Global trade has picked up significantly. In the advanced economies, both consumption and investment continue to improve. In Asia, growth is driven by sustained domestic activity and strong external demand.

“These developments point to sustained momentum in global growth,” BNM said in a statement, adding that this outlook nevertheless may be affected by political and policy developments in major economies and geopolitical risks.”

The Malaysian economy recorded a higher growth in the second quarter of 2017, driven by firmer domestic activity and exports.

Looking ahead, growth prospects will be sustained by the more positive global growth outlook and stronger spillovers from the external sector to the domestic economy.

Domestic demand will remain the key driver of growth, supported by improving incomes and overall labour market conditions, new and ongoing infrastructure projects and sustained capital investment by firms in the manufacturing and services sectors.

“Overall, growth in 2017 will be stronger than earlier expected. “Headline inflation continued its moderating trend, declining to 3.2 per cent in July, due mainly to the decline in domestic fuel prices.

“Going forward, headline inflation is projected to moderate on expectations of a smaller effect from global cost factors. Underlying inflation, as measured by core inflation, will be sustained by the more robust domestic demand but is expected to remain contained,” it said.

The domestic financial markets have been resilient.

The ringgit has strengthened to better reflect the economic fundamentals. Banking system liquidity remains sufficient with financial institutions continuing to operate with strong capital and liquidity buffers.

The growth of financing to the private sector has been sustained and is supportive of economic activity. At the current level of the OPR, the stance of monetary policy remains accommodative. The MPC will continue to assess the balance of risks surrounding the outlook for domestic growth and inflation.

   
Email Print
   
 
 
E-browse