Another OPR hike on the cards

PETALING JAYA: Economists are expecting Bank Negara to announce the third consecutive hike in the overnight policy rate (OPR) this Thursday, bringing the rate to 2.5%.

While some parties fear the continuous rate hikes may prematurely erode Malaysians’ disposable income, economists opined that a higher OPR is necessary as the economy recovers and inflationary pressures persist.