Farid Burhanuddin News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Bank Negara Malaysia's (BNM) Monetary Policy Committee's (MPC) decision to keep the overnight policy rate (OPR) at 1.75% on Wednesday came as no surprise, according to economists, as the country’s economic situation has improved and the number of Covid-19 cases nationwide has stabilised. The OPR at 1.75% is the lowest on record, according to BNM data, which dates back to 2004 on the Central Bank’s website. The OPR has been on hold for eight straight meetings since September 2020.

KUALA LUMPUR (Feb 2): Malaysia's trade activity is expected to recover in 2021, with gross exports to grow 5.3% to 10.9%. CGS-CIMB’s economists Michelle Chia and Lim Yee Ping said Malaysia’s exports surged 10.8% year on year in December, exceeding both their and consensus’ forecasts, driven by robust external demand for semiconductors, healthcare supplies and palm oil. “Looking beyond the near-term risks to the economic outlook arising from MCO 2.0, we expect trade activity to recover, buoyed by a gradual reopening of the economy, vaccine deliveries, fiscal and monetary stimulus and p...