Brace for interest rate hike

Although the OPR was maintained at 3%, the central bank said policymakers may consider reviewing the current degree of monetary accommodation, given the strength of the global and domestic macroeconomic conditions.

PETALING JAYA: Bank Negara gave its strongest signal yet that the benchmark overnight policy rate (OPR) may be raised following a meeting of policymakers yesterday.

Although the OPR was maintained at 3%, the central bank said policymakers may consider reviewing the current degree of monetary accommodation, given the strength of the global and domestic macroeconomic conditions.