KUALA LUMPUR: OCBC Bank expects the Bank Negara to hold its overnight policy rate (OPR) at 1.75 per cent at the next Monetary Policy Committee’s meeting scheduled for Nov 3, assuming a favourable outturn in the country’s fight against Covid-19.
The central bank had slashed the OPR four consecutive times this year, kicking off with the two 25 basis points (bps) reductions at the January and March meetings, followed by a 50 bps cut in May and another 25bps cut in July.
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