KUALA LUMPUR, April 30 — OCBC Bank expects Bank Negara Malaysia (BNM) to maintain the overnight policy rate (OPR) at its scheduled Monetary Policy Committee meeting on May 5. In a statement today, OCBC economist Wellian Wiranto said the central bank would likely hold the OPR at 2.50 per...
OCBC economist Wellian Wiranto said the central bank would likely hold the OPR at 2.50 per cent as it is not ready to absorb the rate cut, although he does view another rate cut sometime this year by another 50 basis points. — Reuters pic
In a statement today, OCBC economist Wellian Wiranto said the central bank would likely hold the OPR at 2.50 per cent as it is not ready to absorb the rate cut, although he does view another rate cut sometime this year by another 50 basis points. Moreover, Wiranto said there are potential side effects towards the ringgit while having to ensure the continued health of the banking sector, which bears the brunt of the moratorium costs.
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