KUALA LUMPUR: S&P Global Ratings (S&P) expects Malaysia’s overnight policy rate (OPR) to increase by 50 basis points (bps) or less this year due to the inflationary impact of the Russia-Ukraine conflict and capital outflow pressure, amid a hawkish US Federal Reserve (Fed), according to a Bernama report.
The national news agency quoted S&P Asia-Pacific chief economist Louis Kuijs as saying that higher inflation and rising US interest rates were weighing heavily on Asia-Pacific economies.
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