Bank Negara: OPR Stays At 3%, Ringgit Undervalued
Julia Goh, Senior Economist, UOB
08-Mar-24 07:45
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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: uob, bank negara malaysia, opr, malaysian ringgit,
