ALL eyes are on Bank Negara, as the central bank is expected to announce by next Thursday whether Malaysia’s first interest-rate hike in two years will happen this month or later.
The consensus view has been that Bank Negara would raise the country’s benchmark overnight policy rate (OPR) by at least 25 basis points (bps) from the current 3.0% to 3.25% before year-end. But the timing has been a matter of debate among economists.
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