Insight - Interest rate cut on the cards?

“Financing growth could be slower but there are avenues for banks to mitigate the risks of a lower OPR, ’’ said Bank Islam Malaysia Bhd CEO Mohamed Muazzam Mohamed.(pic)

ECONOMIC activities were picking up momentum, but all are hit by the recent surge in Covid-19 infections.

The interest rates are already very low with the overnight policy rate (OPR) at 1.75%. Will there be another cut if the lockdown were to lower growth?