Bank Negara kept interest rates unchanged yesterday despite wide expectations there would be a 25-basis-point cut in the OPR. It also maintained the Statutory Reserve Requirement (SRR) ratio unchanged at 2% yesterday.
KUALA LUMPUR: Economists believe the door is open for Bank Negara to consider a rate cut this year despite the central bank keeping the overnight policy rate (OPR) at 1.75%.
Alliance Bank chief economist Manokaran Mottain was not surprised by the central bank’s decision to maintain the OPR at 1.75% and said that there was no urgency to cut the rate at the moment.
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