In Malaysia, Bank Negara cut the overnight policy rate (OPR) to 3% in May from 3.25% previously. It was the first time the central bank had revised its key interest rate in over a year since Jan 25,2018. There are only two monetary policy committee meetings left before the year ends – that is on Sept 11-12 and Nov 4-5 – for decisions on the OPR.
PETALING JAYA: Amid the downside risk to growth, Malaysia is expected to lower interest rates in the fourth quarter of this year, according to Nomura Research.
According to the research house, Malaysia and India are the only Asian countries that are unlikely to expand fiscal policy to boost domestic demand, but they will likely cut interest rates further to boost growth.
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