Alliance Investment Bank chief economist Manokaran Mottain (pic) told StarBiz that the last paragraph in the monetary policy statement was a hint of what could be ahead.
PETALING JAYA: Bank Negara has sent out the clearest signal of an imminent hike in the benchmark overnight policy rate (OPR), a move that would cause interest rates to increase.
In a statement to announce its decision to maintain the OPR at 3%, it also alluded to the need of adjusting the degree of monetary accommodation as financial imbalances continued to build up.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
