A Bloomberg poll of 24 economists was equally divided between a retention of 1.75% and a reduction to a new low of 1.5% as Bank Negara's Monetary Policy Committee meets on Wednesday.
PETALING JAYA: Malaysia’s overnight policy rate (OPR) has been at its all-time low at 1.75% since July last year as Bank Negara’s Monetary Policy Committee (MPC) sought to accelerate economic recovery post movement control order (MCO).
Ahead of the MPC's first two-day meeting this year starting on Wednesday, economists are quite divided this time around as Malaysia is placed under a second round of MCO, with both sides of the fence having strong views on why the central bank should maintain or cut the OPR.
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