Monetary Policy Statement
Embargo : For immediate release Not for publication or broadcast before 1800 on Thursday, 15 December 200515 Dec 2005
15 Dec 2005
On 14 December 2005, at its eighth and final meeting for the year 2005, Bank Negara Malaysia's Monetary Policy Committee (MPC) decided on the following:
- To maintain the Overnight Policy Rate (OPR) at its current level of 3.0%.
- The schedule of MPC meetings and press releases for the year 2006. As in 2005, the committee will continue with eight scheduled meetings for 2006, with additional meetings held when necessary.
- To continue with the release of monetary policy statements at quarterly intervals to coincide with the release of quarterly gross domestic product (GDP) figures, or, as and when there is a policy change. At the other MPC meetings, when there is no change in monetary policy, a brief press release would be issued to inform the public of the MPC decision.
Bank Negara Malaysia will continue to undertake additional initiatives in 2006 to enhance communication in promoting greater understanding of monetary policy.
Schedule of Monetary Policy Committee Meetings and Press Releases 2006
| Monetary Policy Committee Meeting | Press Release Date | |
|---|---|---|
| 1 | 20 January 2006 (Friday) | 20 January 2006 (Friday), 6.00 p.m. |
| 2 | 17 February 2006 (Friday) | Concurrent with release of 4 th Quarter 2005 GDP, 6.00 p.m. |
| 3 | 25 April 2006 (Tuesday) | 26 April 2006 (Wednesday), 6.00 p.m. |
| 4 | 22 May 2006 (Monday) | Concurrent with release of 1 st Quarter 2006 GDP, 6.00 p.m. |
| 5 | 28 July 2006 (Friday) | 28 July 2006 (Friday), 6.00 p.m. |
| 6 | 25 August 2006 (Friday) | Concurrent with release of 2 nd Quarter 2006 GDP, 6.00 p.m. |
| 7 | 26 September 2006 (Tuesday) | 27 September 2006 (Wednesday), 6.00 p.m. |
| 8 | 24 November 2006 (Friday) | Concurrent with release of 3 rd Quarter 2006 GDP, 6.00 p.m. |
Bank Negara Malaysia
15 December 2005
© Bank Negara Malaysia, 2005. All rights reserved.
