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Bank Negara: OPR Stays At 3%, Ringgit Undervalued

Julia Goh, Senior Economist, UOB

08-Mar-24 07:45

Bank Negara: OPR Stays At 3%, Ringgit Undervalued

Bank Negara's Monetary Policy Committee has decided to maintain the Overnight Policy Rate at 3% for its fifth consecutive meeting; it last raised it by 25 basis points in May 2023. Meanwhile, BNM also believe the ringgit is currently undervalued. Julia Goh, a senior economist at UOB helps us unpack the implications of the decision and comments in the official statement that followed.

Image Credit: Shutterstock.com

Produced by: Tun Hizami Hashim

Presented by: Keith Kam, Wong Shou Ning, Shazana Mokhtar


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Categories:  economy

Tags:  uobbank negara malaysiaoprmalaysian ringgit





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