Fahmi: Decision to maintain OPR made without pressure from any party

SEREMBAN, July 6 — The decision to maintain the Overnight Policy Rate (OPR) at 3.0 per cent was made without pressure from the government or any party, said Communications and...

SEREMBAN, July 6 — The decision to maintain the Overnight Policy Rate at 3.0 per cent was made without pressure from the government or any party, said Communications and Digital Minister Fahmi Fadzil.

“In addition, the country is also in a highly competitive state, the second best after Singapore in the South-east Asian region. Earlier, Bank Negara Malaysia’s Monetary Policy Committee meeting decided to keep the OPR at 3.00 per cent, in line with the global economic development and the inflation rate in Malaysia which shows a declining trend and remains stable.

Meanwhile, Fahmi who is unity government spokesman, said the ministry is always in touch with the Association of Banks in Malaysia and the Association of Islamic Banking and Financial Institutions Malaysia to be more proactive in engaging with the public to explain the impact of any decision involving OPR.

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