The central bank lowered its rate from 3% at its previous policy review in July.
BNM said in a statement that the current OPR level remained appropriate and supportive of the economy amid price stability.
Earlier this morning, Bernama reported Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid as saying the OPR would likely be maintained in light of the resilient Malaysian economy, as reflected in the third quarter gross domestic product, which came in at 5.2%.
The central bank said the latest indicators pointed towards a continued expansion in global growth.
And while the impact of higher tariffs would continue to weigh on global growth, the outlook remained supported by resilient labour market conditions, moderating inflation, less restrictive monetary policy and supportive fiscal policy, it said.
“The conclusion of more trade negotiations has, to some extent, eased global uncertainty. Downside risks remain, arising from potentially higher tariffs, especially product-specific ones, and escalation in geopolitical tensions.”
The central bank went on to say that the latest indicators point towards a continued expansion in global growth.
And while the impact of higher tariffs would continue to weigh on global growth, the outlook remains supported by resilient labour market conditions, moderating inflation, less restrictive monetary policy and supportive fiscal policy, it said.
“The conclusion of more trade negotiations has, to some extent, eased global uncertainty. But downside risks remain, arising from potentially higher tariffs, especially product-specific ones, and escalation in geopolitical tensions,” the central bank said.
On the Malaysian economy, it said that the latest developments indicate better-than-expected growth in the third quarter, driven by sustained domestic demand, resilient electrical and electronics exports, and recovery in commodity production.
BNM said domestic demand will continue to support growth going into 2026.
“Employment, wage growth and income-related policy measures will remain supportive of household spending.
“The expansion in investment activity will be driven by the progress of multi-year projects in both the private and public sectors, the continued high realisation of approved investments, as well as the ongoing implementation of initiatives under national master plans and the 13th Malaysia Plan,” it added.