Bank Negara likely to cut OPR in 2015, says UBS

According to UBS, Bank Negara is likely to cut its overnight policy rate by 25 basis points in 2015, with lower oil prices cushioning the pressure on inflation.

KUALA LUMPUR: Bank Negara Malaysia is likely to cut its overnight policy rate (OPR) by 25 basis points in 2015, as the fall in the oil prices would cushion the pressure on inflation, according to UBS.

The central bank last increased its OPR in July 2014 to 3.25%, after keeping it at 3% since 2011.