PETALING JAYA: The current intense competition for deposits among banks could take a “breather” following the latest round of cut in the statutory reserve requirement (SRR) ratio.
Analysts, however, said although the fight for deposits could ease they do not reckon deposit rates will change significantly in view of the recent 50 basis points (bps) cut in the SRR ratio.
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OCBC Bank (M) Bhd head of global treasury Stantley Tan
RAM Ratings co-head of financial institution ratings Wong Yin Ching
RAM Ratings co-head of financial institution ratings Wong Yin Ching
Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid
RHB Banking Group treasurer Mohd Rashid Mohamad
Malaysian Rating Corp chief economist Nor Zahidi Alias
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