05 month172024
Bank Negara Malaysia has put interest rates on hold
The National Bank of Malaysia announced on the 9th that it will not raise interest rates, and will continue to maintain the Overnight Policy Rate at 3%.
This is the sixth consecutive decision not to raise interest rates since Bank Negara Malaysia raised its overnight policy rate by 25 basis points to 3 per cent in May last year. A research report by Kennag Investment Bank Malaysia believes that Bank Negara Malaysia will continue to maintain the existing interest rate in the next six to 12 months.