KUALA LUMPUR: Bank Negara decided to maintain the Overnight Policy Rate (OPR) at 2.75% during its Monetary Policy Committee (MPC) meeting on Thursday, Sept 2.
The central bank said the MPC considered the current monetary policy as appropriate and consistent with the latest assessment of the economic growth and inflation prospects.
'At the current level of the OPR, the stance of monetary policy continues to remain accommodative and supportive of economic growth,' it said.
On inflation, Bank Negara said domestic inflation edged higher in June and July mainly on account of increases in food and energy prices.
'Despite the adjustment in retail fuel prices in July, inflation is expected to rise at a modest pace in the coming months. Going into 2011, inflation is projected to continue to remain moderate,' it said.
The central bank said the MPC considered the current monetary policy as appropriate and consistent with the latest assessment of the economic growth and inflation prospects.
'At the current level of the OPR, the stance of monetary policy continues to remain accommodative and supportive of economic growth,' it said.
On inflation, Bank Negara said domestic inflation edged higher in June and July mainly on account of increases in food and energy prices.
'Despite the adjustment in retail fuel prices in July, inflation is expected to rise at a modest pace in the coming months. Going into 2011, inflation is projected to continue to remain moderate,' it said.
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