KUALA LUMPUR: Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) decided to maintain the Overnight Policy Rate (OPR) at 3.00 percent during its last meeting of the year today.

This marked the third consecutive meeting where the MPC has opted to hold the key rate.

In a statement today, the central bank said at the current OPR level, the monetary policy stance remains supportive of the economy and is consistent with the current assessment of the inflation and growth prospects.

It said the MPC remains vigilant to ongoing developments to inform the assessment on the outlook of domestic inflation and growth.

“The MPC will ensure that the monetary policy stance remains conducive to sustainable economic growth amid price stability,” it said.