KUALA LUMPUR: RHB Research Institute expects the overnight policy rate (OPR) to be kept at 3.25% for the rest of the year given the sharp slowdown in July's exports and industrial production numbers.
"Bank Negara will likely be cautious on tightening its monetary policy further as the price pressure remains elevated. "More aggressive monetary tightening at this juncture could accelerate its slowdown which the central bank will probably want to avoid," it said in a note on Thursday.
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