Bank Negara expected to tighten monetary policy in 2H22

KUALA LUMPUR: Moody’s Analytics (Moody‘s) expects Bank Negara Malaysia (BNM) to pull the trigger on a rate hike in the second half of next year (2H2022), as Malaysia’s economic outlook is looking brighter going into 2022.

On Wednesday, BNM has retained the Overnight Policy Rate (OPR) at 1.75 per cent at its final Monetary Policy Committee (MPC) meeting of the year, making the policy rate unchanged since July 2020.