OPR can remain at 2.75% if inflation rate continues to subside, says Rafizi

Published on 25 Jan 2023 10:57:57 PM

The overnight policy rate (OPR) can remain at 2.75 per cent if the country’s inflation rate continues to subside in the coming months, said Rafizi Ramli.

The Economy Minister told a press conference to explain the relationship between reporters in a briefing on the function of OPR increase to curb inflation hike on Wednesday (Jan 25), adding that in theory, Bank Negara Malaysia (BNM) would use monetary policy via the OPR to curb rising inflation pressures in the local market.