KUALA LUMPUR (March 2): Bank Negara Malaysia maintained the overnight policy rate (OPR) at 3% as the central bank evaluated risks to the country's economic growth and inflation. The MPC will continue to assess the balance of risks surrounding the outlook for domestic growth and inflation. Bank Negara said headline inflation would remain relatively high in the first half of this year before moderating thereafter. On the ringgit, Bank Negara said the currency continued to stabilise with other emerging market currencies. In Malaysia, Bank Negara said implementation of financial market development measures had a positive impact on domestic financial markets.

Source: The Edge Markets March 02, 2017 08:03 UTC