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BIX ARTICLE

Monetary Policy Statement (MPS) Snapshot: May 2023

May 03, 2023

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3 min read

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Jul 23, 2020

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Aug 19, 2021

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What did we decide?
We raised the OPR from 2.75% to 3.00%
  • The Malaysian economy is showing strength
  • At this level, the OPR is back to pre-crisis levels and is more aligned with the stronger state of the economy
What’s happening in the economy?
The Malaysian economy will continue to expand this year
  • Unemployment is coming down closer to pre-crisis levels, and this will support household spending
  • Even more tourists have visited, which supports local businesses
  • Large projects are progressing well
  • Despite some challenges, global growth is supported by the strong job market and the rebound of China’s economy
Inflation trended lower in recent months but remains elevated amid firm demand
How do we see the economy in the future?
The Malaysian economy will remain resilient. Inflation will moderate but remain elevated
  • The Malaysian economy will remain resilient. Inflation will moderate but remain elevated
    It’s important to ensure that our OPR is at the right level to prevent problems that can arise from long periods of low
    interest rates (e.g., too much borrowing)
  • We will ensure that our OPR supports sustainable growth while keeping inflation in check


Source: Bank Negara Malaysia

Disclaimer
The information provided in this report is of a general nature and has been prepared for information purposes only. It is not intended to constitute research or as advice for any investor. The information in this report is not and should not be construed or considered as an offer, recommendation or solicitation for investments. Investors are advised to make their own independent evaluation of the information contained in this report, consider their own individual investment objectives, financial situation and particular needs and should seek appropriate personalised financial advice from a qualified professional to suit individual circumstances and risk profile.

The information contained in this report is prepared from data believed to be correct and reliable at the time of issuance of this report. While every effort is made to ensure the information is up-to-date and correct, Bond and Sukuk Information Platform Sdn Bhd (“the Company”) does not make any guarantee, representation or warranty, express or implied, as to the adequacy, accuracy, completeness, reliability or fairness of any such information contained in this report and accordingly, neither the Company nor any of its affiliates nor its related persons shall not be liable in any manner whatsoever for any consequences (including but not limited to any direct, indirect or consequential losses, loss of profits and damages) of any reliance thereon or usage thereof.

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