PETALING JAYA: Bank Negara is expected to maintain the overnight policy rate (OPR) for the rest of this year but a possible 25 to 50 basis points hike is anticipated for next year which could result in a “one-time lift” to the earnings of banks.
CIMB Research told this to its clients last Friday via a report, adding that every 25 basis point hike would lift banks’ net profit by 1.2% due to a re-pricing gap between lending and deposit rates.
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