KUALA LUMPUR: OCBC Bank is expecting Bank Negara Malaysia (BNM) to turn more downbeat on the Overnight Policy Rate (OPR), noting a heightened chance of a rate cut of down to 1.5 per cent from the current 1.75 per cent in the upcoming meeting this Wednesday due to recent events.
In its 2021 Economic Outlook, chief economist Selena Ling said depending on how things pan out in the pandemic fight in the weeks thereafter, there might well be another rate cut of down to 1.25 per cent in the next Monetary Policy Committee (MPC) meeting in March.