OPR likely cut by 25 bps at March meeting

The central bank kept the OPR unchanged during its first meeting for this year on Jan 20, as it sees continued recovery in the global economy.

KUALA LUMPUR: Bank Islam Malaysia Bhd expects Bank Negara to cut its overnight policy rate (OPR) by 25 basis points (bps) at the upcoming monetary policy meeting scheduled for March 4.

Chief economist Dr Mohd Afzanizam Abdul Rashid said the projection was due to the visibility of economic uncertainties following the reintroduction of the movement control order (MCO 2.0).