Shopper practise social distancing. AmBank Group chief economist Anthony Dass expects the economy to see a gradual recovery in the third quarter of this year, with further improvement in the fourth quarter.
PETALING JAYA: Fitch Solutions expects Bank Negara to slash its overnight policy rate (OPR) by another 100 basis points (bps) by the end of this year, on top of the 100bps already cut just in the first five months of 2020.
In anticipation of the central bank’s “accelerated monetary easing” in 2020, Fitch Solutions said the OPR could hit 1%, which would be the new record low in Malaysia’s monetary policy history.
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