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ANZ

July 9, 2026

Bank Negara Malaysia Patient For Now

Macro ThematicRates Govt BondsOther

Bank Negara Malaysia kept the Overnight Policy Rate steady at 2.75% while maintaining a data-dependent stance. ANZ Research expects a 25bp hike in H2 2026, contingent on continued growth resilience.

Key Takeaways

  • 1.Bank Negara Malaysia maintained the Overnight Policy Rate (OPR) at 2.75%.
  • 2.Growth outlook has strengthened slightly, driven by robust exports and industrial production.
  • 3.ANZ maintains a forecast for a 25bp rate hike in H2 2026 despite current policy patience.

Table of Contents

  • Bank Negara Malaysia: patient, for now

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