BNM may increase OPR in 2018
Published on: Thursday, August 24, 2017
Kuala Lumpur: Bank Negara Malaysia (BNM) is likely to increase its overnight policy rate (OPR) by 25 basis points to 3.25 per cent next year as major global central banks are stepping up talks to tighten monetary policies and the Malaysian economic growth is projected to improve further. "We think the monetary policy stance would be tilted towards the upside in 2018," said RHB Research Institute in a research note yesterday.However, for this year, the research firm believed the central bank would keep its OPR unchanged at three per cent as economic growth was projected to moderate while inflation was expected to ease in the second half of 2017 (2H17).
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"Looking ahead, we envisage the headline inflation rate to ease to 2.8 per cent year-on-year (y-o-y) in 2H17 (+4.3 pc for 1H17) amid lower fuel prices and a waning low base effect.Stay up-to-date by following Daily Express’s Telegram channel.
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