All eyes on interest rate, analysts expect status quo

  • Business
  • Thursday, 19 May 2016

According to economists and analysts, the appointment of Muhammad(pic) is a positive development as it helps alleviate a lot of market uncertainties about Malaysia

PETALING JAYA: All eyes are on Bank Negara, as speculation mounts on the possibility of the central bank lowering interest rates today.

Against a backdrop of a low interest rate environment and slowing growth, some bankers had alluded last month that Bank Negara could use this opportunity to cut the overnight policy rate (OPR) for the first time in seven years.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Business News

Ringgit trades higher against greenback ahead of key US wage report
IHH's strategic initiatives put it on growth path
Bursa starts on a rebound
Trading ideas: Kimlun, Velesto Energy, Citaglobal and SCIB
Coffee bean transport sizzles as cups fly
Abundance of job openings is not scary
Exxon, Chevron investors reject climate proposals
Velesto gets RM50mil contract
Healthy quarterly profit gains by banks
Why are AI chip stocks soaring? Is the rally sustainable?

Others Also Read