Consumer, property and auto sectors to benefit from rate cut

The index for Malaysia weakened to 64 from 75 as respondents expressed concern about consumer sentiment. A reading above 50 indicates a positive outlook.

PETALING JAYA: The benchmark interest rate cut by Bank Negara will be a boon for the consumer, property and automotive sectors.

A lower overnight policy rate (OPR) would translate into cheaper borrowing costs, benefiting domestic households and businesses as it would increase the consumers’ disposable income.