Bank Negara Malaysia issues Monetary Policy Statement

28 April 2025

On 6 March 2025, Bank Negara Malaysia issued its Monetary Policy Statement for March 2025 (“Statement”) and announced that it has maintained the Overnight Policy Rate at 3% to support continued economic growth amid manageable inflation. The Statement notes that global growth is expected to continue in 2025, supported by strong domestic demand and global trade despite uncertainties surrounding geopolitical developments and trade policy. Exports are expected to grow at a more moderate pace, supported by the global tech upcycle and increased tourism spending. Inflation is projected to remain manageable, influenced by easing global cost conditions and the absence of excessive domestic demand pressures. The ringgit’s performance continues to be shaped by external factors, with volatility expected due to global policy uncertainties.