Bank rate hike on the cards


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.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


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!

Business , Bank Negara Malaysia , OPR

   

Next In Business News

Batu Kawan net profit eases to RM84.72mil in 2Q
Opensys to cultivate new revenue streams alongside core biz expansions
SunCon secures RM1.72bil in new orders for 1Q24
Magma executive chairman Ismail Abdullah retires
Ringgit appreciates vs US dollar at the close
KLK 2Q net profit declines to RM117.07mil
Teladan to launch projects with RM1.2bil GDV
Bursa Malaysia to close for Wesak Day
Hong Leong Bank to fully subscribe to RM350mil Asean Green Bond to finance green warehousing
Coastal Contracts secures vessel sale and 5-year charter extension

Others Also Read