The 25 basis point increase in the Overnight Policy Rate (OPR) will benefit fixed deposit (FD) savers after the real rate of return on deposits will return to positive in 2018.
PETALING JAYA: The local bourse as tracked by the FBM KLCI closed in the red yesterday, bucking the trend of its regional peers following selling pressure on banking stocks.
Banking stocks had been under pressure since last week as the market is anticipating an interest rate cut by the central bank, as well as slower loan growth expectations by analysts.
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