Bank Negara likely to cut OPR by 25bps at March meeting

KUALA LUMPUR: Bank Islam Malaysia Bhd expects Bank Negara Malaysia (BNM) to cut its overnight policy rate (OPR) by 25 basis points (bps) at the upcoming Monetary Policy Meeting scheduled for March 4.

Chief economist Dr Mohd Afzanizam Abdul Rashid said the reduction projection was due to the visibility of economic uncertainties following the reintroduction of Movement Control Order (MCO 2.0).