According to CGS-CIMB, Bank Negara is expected to dial back some monetary support, with a 50-basis-point hike in the OPR from the current 1.75% to 2.25% by end-2022 as economic activity returns to normal and Covid-19 becomes less of a threat to the economy.
PETALING JAYA: After a turbulent 2021, the local equity market will likely face an even more challenging environment in 2022 due to a confluence of factors in the form of policy, corporate earnings and political risks.
While downside risks for the benchmark FBM KLCI will likely be contained, investors are advised to be nimble in their investment strategy, as the stock market is expected to remain volatile in 2022, said CGS-CIMB Research.
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