Maybank IB keeps earnings forecasts on CIMB

KUALA LUMPUR: Maybank Investment Bank Research has downgraded its recommendation on CIMB Group Holdings Bhd to "hold" following its recent share price rally but maintained its earnings projections for the remainder of the year.

Ahead of Bank Negara's monetary policy decision this week, the research house said it expects the overnight policy rate to remain unchanged for the rest of the year.