Bank Negara lowered the OPR by 25bps to 3% on Tuesday. Based on historical trends, CGSCIMB said this is likely to result in banks lowering their indicative lending rates.
PETALING JAYA: The latest overnight policy rate (OPR) cut is expected to have a negligible impact on the local property sector, in light of muted gross development product (GDP) growth.
CGSCIMB said in a report yesterday that the OPR cut would spur property demand to some extent.
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