Cautious trading expected at Bursa Saham ahead of OPR announcement


KUALA LUMPUR, Jan 16 (Bernama): Trading on Bursa Malaysia is expected to be cautious ahead of Bank Negara Malaysia's (BNM) Overnight Policy Rate (OPR) announcement on Wednesday.

Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said a possibility of another rate cut by the central bank could not be ruled out, given the highly fluid situation arising from the resurgence of COVID-19 cases and the reinstatement of the Movement Control Order (MCO 2.0).

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