Bank Negara may raise OPR to 3.25%

PETALING JAYA: Bank Negara may raise its overnight policy rate (OPR) by 25 basis points (bps) to 3.25% next year due to inflationary pressure and a sharp increase in domestic demand, analysts said.

RAM Holdings Bhd group chief economist Dr Yeah Kim Leng told StarBiz that there should be a sharp pick-up in the inflation rate, mainly above 3%, along with a significant jump in domestic demand for the central bank to increase the OPR rate.