Bank Negara likely to maintain OPR at 1.75%

“Bank Negara can count on manufacturing growth to provide support to the economy and employment.

KUALA LUMPUR: HSBC Global Research expects Bank Negara to keep the Overnight Policy Rate at 1.75% at its third Monetary Policy Committee meeting on Thursday.

In a research note yesterday, its chief economist for Asean, Joseph Incalcaterra, said despite downside risks to Bank Negara’s economic growth forecast, there was a high bar for further monetary policy accommodation.