Can a higher OPR help stem outflows?


Bank Negara is expected to meet again on Sept 7-8 and early November to round up its meeting calendar for this year and all bets are on that the central bank would have no choice but to raise rates by at least 25 bps in the next meeting and perhaps another 25 bps in the last meeting in November. This will bring the total OPR hike for this year to 100 bps to 2.75%.

FOLLOWING the global trend, Bank Negara has joined hands with other central banks to curb inflationary pressure by raising the domestic overnight policy rate (OPR) by another 25 basis points (bps) in its last meeting in July.

Bank Negara is expected to meet again on Sept 7-8 and early November to round up its meeting calendar for this year and all bets are on that the central bank would have no choice but to raise rates by at least 25 bps in the next meeting and perhaps another 25 bps in the last meeting in November.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 48
Cxense type: NA
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

OPR , capital market , Bank Negara , Inflation , ringgit

   

Next In Business News

Philips parts ways with CEO in midst of massive recall
Oil price falls to 6-mth low on economic data, awaits news of Iran nuclear deal
Global stocks steady, US Treasury yields rise as recession worries persist
Boustead Holdings may not take on more debt
Insight - Western yield outlooks slide again after dry week
Insight - Greensill’s ghost will haunt the finance world
Public Bank to provide Gamuda Land sustainable financing package
Datasonic’s outlook expected to remain positive
HSS Engineers order book at RM1.5bil
Factors driving the ringgit

Others Also Read