Another OPR hike is imminent, say economists

KUALA LUMPUR: The door for a further hike in the overnight policy rate (OPR) of another 25 basis points (bps) in the near term is still open in the second half of this year, subject to the stability of economic growth, pace of inflationary rate and improvements in the macroeconomic conditions.

Bank Islam Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid noted that another 25-bps hike is quite likely as the central bank would need to be extremely careful in removing the monetary policy accommodation.