PETALING JAYA: The latest round of interest rate cuts is expected to be mildly positive for the local automotive sector, as it will increase consumers’ disposable income.
The cut in the overnight policy rate (OPR), however, is unlikely to have a significant impact, as the Malaysian economy is expected to contract this year, said CGS-CIMB in a report yesterday.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!