Bank Negara may cut OPR at Jan 20 meeting

OCBC Bank Research's economist Wellian Wiranto economist Wellian Wiranto said in his latest report that there could be another rate cut to 1.25% in the March meeting as well.

KUALA LUMPUR: OCBC Bank Research expects Bank Negara to likely reduce the overnight policy rate (OPR) by 25 basis points to 1.50% at its Jan 20 monetary policy committee meeting due to the weaker economic outlook.

The bank’s global treasury, research and strategy economist Wellian Wiranto said in his latest report that there could be another rate cut to 1.25% in the March meeting as well.