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Malaysia's central bank - Bank Negara Malaysia (BNM) - has increased the Overnight Policy Rate (OPR) by 25 basis points to 2.25%.

Despite the recent re-imposition of nationwide pandemic containment measures by the federal government, the central bank of Malaysia (BNM) maintained its growth projection for the local economy at between 6 percent and 7.5 percent in 2021.

After the Malaysian central bank (BNM)’s second overnight policy rate (OPR) cut on March 3, economists said that it will decide to shave off the key rate again and the cut will happen as early as May.

The Malaysian central bank on March 27 downgraded its forecast for the country’s economic growth this year to 4.3-4.8 percent, from earlier projection of 4.9 percent.

The Malaysian central bank, Bank Negara, said on August 21 that its foreign reserves stood at 104.2 billion USD as of August 15.

The Malaysian Central Bank on August 17 revised down the country’s growth forecast this year to 5 percent, after its gross domestic product (GDP) in the second quarter came in sharply below its expectation.

Nor Shamsiah Mohd Yunus has been named as the new governor of Bank Negara Malaysia (BNM).

Malaysia's central bank governor Muhammad Ibrahim submitted his resignation, Prime Minister Mahathir Mohamad has said.