Malaysia's central bank on Thursday decided to leave its key rate unchanged as the domestic economy is expected to sustain a steady growth.
The Monetary Policy Committee of Bank Negara Malaysia maintained the Overnight Policy Rate at 3.00 percent. The decision came in line with economists' expectations.
The MPC said the current stance of monetary policy is appropriate given the outlook for inflation and growth.
Policymakers observed that the external sector is affected by global developments, while domestic demand has continued to provide support to growth. Investment activity and private consumption have remained firm.
Sustained income growth amid stable labor market underpin private consumption. Investment activity is being led by capital spending in the domestic-oriented sectors.
Although inflation remained low in the first quarter, inflation is set to continue to rise during the year, it said.
Domestic supply and cost factors are expected to contribute to higher prices. Externally, the risk of weather-related supply disruptions remains and could raise global food prices.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.