KUALA LUMPUR, May 7 — Bank Negara Malaysia’s Monetary Policy Committee (MPC) has maintained the Overnight Policy Rate (OPR) at 2.75 per cent during its meeting today.

In a statement, the central bank said that at the current OPR level, the MPC considers the monetary policy stance appropriate and consistent with the outlook for continued price stability and sustainable economic growth.

“The MPC will remain vigilant to ongoing developments and assess the balance of risks surrounding the outlook for domestic inflation and growth,” said BNM.

The central bank said global growth remained resilient in the first quarter of 2026, supported mainly by sustained domestic demand and continued global tech expansion.

However, sharp increases in energy and commodity prices, as well as supply chain disruptions from the West Asia conflict, are beginning to weigh on the global growth momentum.

“Downside risks to global growth remain elevated, stemming from the uncertainties surrounding the length and severity of the conflict, tighter global financial conditions and concerns over valuations in financial markets.

“Upside potential includes de-escalation of the conflict leading to improving supply chain conditions, stronger tech spending and pro-growth policy measures in key economies,” said BNM. — Bernama