Economists see room to cut interest rates

Although the transaction was concluded at RM703.44 per sq ft (psf), a source said the special-purpose vehicle (SPV) created by the MoF to undertake the transaction had initially wanted

PETALING JAYA: There is room for Bank Negara to cut interest rates to support Malaysia’s economic growth even if inflation rises in the latter part of the year, economists say.

According to AmBank Research, there is a strong case for the central bank to lower the benchmark overnight policy rate (OPR), which commercial banks refer to in pricing their lending rates, as signs continue to point to moderating economic growth.