Bank Muamalat Malaysia Bhd chief economist Afzanizam Abdul Rashid said MPC’s decision to keep the OPR steady at 2.75% appears to be ringgit-positive.

“It appears that BNM is likely to maintain the current stance in the foreseeable future as the inflation rate is expected to remain moderate,” he told Bernama.

Meanwhile, IPPFA Sdn Bhd director of investment strategy and country economist Sedek Jantan said BNM’s decision to maintain the OPR reinforces policy stability and reflects confidence in the resilience of domestic demand amid contained inflation pressures.

“This steady policy stance helps anchor rate expectations and supports currency stability at a time when external conditions remain fluid,” he said.

Sedek noted that the ringgit closed stronger against the US dollar in line with a broader appreciation across most Asian currencies.

“We find that the US dollar rally has started to look increasingly tired, with positioning now more susceptible to pullbacks as investors reassess the sustainability of its earlier momentum,” he said.

At 6pm, the ringgit climbed 70 percentage-in-points (pip) to 4.1820/4.1845 against the US dollar, up from yesterday’s close of 4.1890/4.1925.

At the close, the ringgit traded mostly lower against most major currencies.

It rose against the Japanese yen to 2.7202/2.7220 from 2.7254/2.7279 at yesterday’s close, shed against the British pound to 5.4696/5.4729 from 5.4612/5.4658 and was down versus the euro to 4.8143/4.8172 from 4.8106/4.8147 previously.

The local note traded mostly higher against Asean currencies.

It strengthened against the Singapore dollar to 3.2034/3.2055 from 3.2055/3.2085 at yesterday’s close, went up against the Indonesian rupiah to 250.3/250.6 from 250.5/250.9 and climbed against the Philippine peso to 7.09/7.10 from 7.12/7.13 previously.

However, the ringgit dwindled vis-a-vis the Thai baht to 12.9178/12.9311 from 12.8730/12.8893 yesterday.