Fahmi says OPR decision made without pressure from any party | The Malaysian Insight

Fahmi says OPR decision made without pressure from any party

Communications and Digital Minister Fahmi Fadzil says Bank Negara's decision to maintain the overnight policy rate was based on economic factors, not pressure from any party. – The Malaysian Insight file pic, July 6, 2023.

He said the decision was based on several factors, including the country’s good economic growth, the declining inflation rate, and the employment rate. Fahmi said the MOF liaises 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 the OPR.

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