Most economists expect the central bank to maintain its hawkish tone and raise the OPR by at least 25 bps this year. The move to hike the OPR by Bank Negara was as a result of the aggressive rate hikes by the US Federal Reserve (Fed) to tame higher inflation in the world’s biggest economy.Īt the present level, the OPR is still below the 3% seen prior to the Covid-19 pandemic. The overnight policy rate (OPR), which determines the cost of borrowings, has been raised twice this year by 25 bps to 2.25% currently. PETALING JAYA: Higher inflationary pressures and geopolitical risks are expected to warrant at least another 25 basis points (bps) hike in Malaysia’s key benchmark interest rate for this year.
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