Bank Negara may lower key interest rate in July

Similarly, RHB Research Institute said it expected the central bank to maintain the OPR at 3.25% as this would maintain the stability of the ringgit versus the US dollar against the backdrop of ongoing monetary tightening by the US Federal Reserve and the greenback

PETALING JAYA: The country’s key interest rate could be cut in the next four months, considering Bank Negara’s more cautious tone on the Malaysian economy recently, says AmBank Research.

The research firm said in a note it expected the central bank’s Monetary Policy Committee (MPC) to slash the benchmark overnight policy rate (OPR) by 25 basis points (bps) to 3% during the committee’s next meeting in July this year.