The Malaysian economy has been absorbing the impact of the overnight policy rate (OPR) hike quite well and “it is very clear that we are no longer in a crisis”, said Bank Negara Malaysia (BNM) governor Nor Shamsiah Mohd Yunus today.

“The momentum, in terms of the repayment of loans, has not been impacted,” she said in reference to the OPR hikes during a joint press conference by BNM and the Department of Statistics Malaysia (DOSM) on Malaysia’s second quarter (Q2) 2022 gross domestic product (GDP) performance.