Bank Negara likely to raise interest rate in H2

According to the Malaysian Rating Corp Bhd (MARC), the central bank is likely to raise its overnight policy rate (OPR) by 25 basis points (bps) to 2% in the second half of 2022, against the backdrop of a gradually recovering economy.

PETALING JAYA: Bank Negara could wait until the second half of this year before it decides to raise its interest rate, which is currently at a record low of 1.75%.

According to the Malaysian Rating Corp Bhd (MARC), the central bank is likely to raise its overnight policy rate (OPR) by 25 basis points (bps) to 2% in the second half of 2022, against the backdrop of a gradually recovering economy.