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BNM unlikely to further cut OPR this year: HSBC

“After BNM took the pre-emptive move to cut the OPR by 25 basis points to three per cent in May this year, it raised fears in the market that the central bank would continue to cut the rate. But, Malaysia’s economy is more resilient than what people think, and there is no real need for the central bank to further cut the rate by year-end.”