Bank Negara Malaysia governor Nor Shamsiah Mohd Yunus today stressed that any decision on the overnight policy rate (OPR) would not be solely in tandem with other central banks but rather more focused on the domestic economic environment.

Speaking at a press conference today, she said the Monetary Policy Committee (MPC) would continue to calibrate the monetary policy to ensure sustainable domestic growth and price stability, which is in line with BNM’s mandate.

“I want to stress… we do not set our OPR based on other central banks’ decisions on their monetary policy,” she said after announcing...