Maybank IB forecasts 100-basis point hike in OPR over next 12 months

Suhaimi Ilias

KUALA LUMPUR: Maybank Investment Bank Bhd (Maybank IB) is estimating 100 basis point (bps) increase in the Overnight Policy Rate (OPR) for the period between the second half (H2) of 2022 and the first half of next year (H1 2023).

Chief economist Suhaimi Ilias said this was following Bank Negara Malaysia’s (BNM) accommodative monetary policy process which began with the 25bps increment in May.