Banks to feel impact of another OPR cut?

Unperturbed, AMMB Holdings Bhd group CEO Datuk Sulaiman Mohd Tahir says the lender has already factored in future rate cuts.“In our scenario planning, we have already factored in potential rate cuts as part of our risk management plan, ” he tells StarBizWeek.

WITH a large portion of Malaysia now in full-swing movement control order (MCO) mode given the recent spike in Covid-19 cases, new concerns over economic growth have emerged.

The question now is will Bank Negara cut the benchmark Overnight Policy Rate (OPR) to spur growth at its upcoming Monetary Policy Committee (MPC) next week?