PETALING JAYA: Stiff competition in banks' lending business will add pressure to interest margins although this will likely be mitigated upon upward revision of the overnight policy rate (OPR) in the second half of the year.
The OPR, which determines the lending rate, is expected to be increased by another 50 basis points by year end.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
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!