Bank Negara likely to begin raising OPR in 2021

Affin Hwang Capital Research chief economist Alan Tan (pic) said moving into 2021 there are chances for the central bank to raise its OPR, which currently stands at 2%.

PETALING JAYA: After three rounds of cuts in five months of this year, Bank Negara is unlikely to reduce its Overnight Policy Rate (OPR) further in 2020, according to Affin Hwang Capital Research chief economist Alan Tan.

Moving into 2021, Tan said there are chances for the central bank would begin raising its OPR, which currently stands at 2%.