BNM may move to shield economy from external headwinds, economists lean towards rate cut
About half of 23 economists polled predict a cut from 3%, while the rest expect the central bank to stand pat.
HLIB sees BNM cutting OPR by 25 bps in second half of year
Leading loan indicators were also mixed—loan approvals rose, applications moderated and disbursements declined.
Moody’s: BNM likely to hold OPR at 3%, September cut dependent on inflation and Fed's move
"If the Fed stays on hold for longer, or the unwinding of fuel subsidies sends inflation too high, BNM may be content to keep the OPR at 3%.
BNM keeps overnight policy rate unchanged as widely expected
Malaysia’s economy may expand 4%-5% this year, according to government forecast, following a weaker-than-expected 3.
Malaysia unlikely to follow in Indonesia's, Philippines' rate hike footsteps — HSBC
Bank Negara Malaysia resisted pressures to raise the overnight policy rate last November, and “we expect the same this week”, HSBC said.
Malaysia unlikely to slash rates in 2024, offering positive counterweight over low interest rate narrative — MARC
Whether correctly or incorrectly, Malaysia’s current “supportive monetary policy” may be construed as “accommodative or dovish,” especially in relation to higher interest rates in several other economies.
Raising OPR not an effective tool to strengthen ringgit, say economists
The last time Bank Negara Malaysia raised the OPR was in May, instituting a 25 bps hike to 3%, from 2.
Raising OPR not the only solution to ringgit depreciation, says PM
Bank Negara is scheduled to hold its sixth and final Monetary Policy Committee meeting for 2023 on Nov 1 and 2.
As June inflation cools to 14-month low, economists mixed on BNM's OPR plans
MIDF Research, however, thinks that the steady domestic demand and sticky core inflation that lingered above 3% — as opposed to the pre-pandemic average of 1.
OCBC Bank sees 70% probability BNM will keep OPR unchanged
“Core inflation eased to a lesser extent compared to headline inflation but the direction implies that inflationary pressures are easing.
