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. 

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