Feb 14 2021, 05:31 PM
QUOTE(GrumpyNooby @ Feb 10 2021, 05:21 PM)
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Bank Negara likely to cut OPR by 25bps at March meeting
KUALA LUMPUR: Bank Islam Malaysia Bhd expects Bank Negara Malaysia (BNM) to cut its overnight policy rate (OPR) by 25 basis points (bps) at the upcoming Monetary Policy Meeting scheduled for March 4.
Chief economist Dr Mohd Afzanizam Abdul Rashid said the reduction projection was due to the visibility of economic uncertainties following the reintroduction of Movement Control Order (MCO 2.0).
He said the mobility restrictions would create a serious impact on the economy if it is further extended and the period remains unpredictable.
"Therefore, Bank Negara has to come in through an OPR cut. Whatever it is, all depend on the period of MCO,” he told Bernama.
Mohd Afzanizam said the projection has taken into account the COVID-19 vaccine -- a variable that is still uncertain to take place.
https://www.thestar.com.my/business/busines...t-march-meeting
KUALA LUMPUR: Bank Islam Malaysia Bhd expects Bank Negara Malaysia (BNM) to cut its overnight policy rate (OPR) by 25 basis points (bps) at the upcoming Monetary Policy Meeting scheduled for March 4.
Chief economist Dr Mohd Afzanizam Abdul Rashid said the reduction projection was due to the visibility of economic uncertainties following the reintroduction of Movement Control Order (MCO 2.0).
He said the mobility restrictions would create a serious impact on the economy if it is further extended and the period remains unpredictable.
"Therefore, Bank Negara has to come in through an OPR cut. Whatever it is, all depend on the period of MCO,” he told Bernama.
Mohd Afzanizam said the projection has taken into account the COVID-19 vaccine -- a variable that is still uncertain to take place.
https://www.thestar.com.my/business/busines...t-march-meeting
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