Current monetary policy stance remains accommodative, says Bank Negara governor

Published on 30 Mar 2022 4:30:24 PM

Bank Negara Malaysia (BNM) has reiterated that it considers the current monetary policy stance as appropriate and accommodative to support national recovery efforts and ensure price stability.

Governor Tan Sri Nor Shamsiah Mohd Yunus said that in a virtual media briefing on Wednesday (March 30), added that the central bank recognised that the unprecedented conditions that warranted significant monetary support during the height of the Covid-19 pandemic were almost over.

Nor Shamsiah also said with the overnight policy rate (OPR) at a historical low of 1.75 per cent, the central bank was mindful of the consequences of keeping it low for an extended time, which could lead to an unhealthy buildup in financial imbalances.

Read more at https://bit.ly/3uHdhSz

WATCH MORE: https://thestartv.com/c/news
SUBSCRIBE: https://cutt.ly/TheStar
LIKE: https://fb.com/TheStarOnline

Keywords
bank negara malaysia, bnm, governor, nor shamsiah mohd yunus, monetary policy, recovery, support, price stability, covid-19, pandemic, overnight policy rate, opr, news, malaysia, business news

Keywords:
bank negara malaysia, bnm, governor, nor shamsiah mohd yunus, monetary policy, recovery, support, price stability, covid-19, pandemic, overnight policy rate, opr, news, malaysia, business news