KUALA LUMPUR, Oct 30 — Bank Negara Malaysia (BNM) is expected to maintain the overnight policy rate (OPR) at three per cent in its next monetary policy committee (MPC)...
AmBank said Bank Negara Malaysia is expected to maintain the overnight policy rate at three per cent in its next monetary policy committee meeting.— Reuters picKUALA LUMPUR, Oct 30 — Bank Negara Malaysia is expected to maintain the overnight policy rate at three per cent in its next monetary policy committee meeting, said AmBank Bhd.
“We see no change to the OPR, and we opine that the 125 bps post-Covid normalisation has brought the growth inflation balance to the desired level,” it said in a research note today. According to AmBank, the ringgit posted a new record low when it reached an intraday low of 4.796 against the greenback earlier last week.