HSBC expects BNM to cut OPR
Published on: Friday, October 07, 2016
Kuala Lumpur: HSBC Global Research expects Bank Negara Malaysia (BNM) to cut the overnight policy rate (OPR) by another 25 basis points (bps) to 2.75 per cent at its last Monetary Policy Committee meeting of the year on Nov 23, 2016. Its Economist, Lim Su Sian, said with activity continuing to slow and loan growth at multi-year lows, there was a pressing need for BNM to deliver meaningful policy accommodation in this easing cycle. Stay up-to-date by following Daily Express’s Telegram channel.
Daily Express Malaysia
ADVERTISEMENT
She said capital outflow risks had also become all the more pertinent because the current account surplus has narrowed much more significantly than HSBC's expectation so far this year, coming to just 1.2 per cent of gross domestic product (GDP) in the first half of 2016. – Bernama
