HSBC expects OPR to touch 3.5% by 1H 2023

KUALA LUMPUR: HSBC Global Research foresees Bank Negara Malaysia (BNM) raising the overnight policy rate (OPR) up to 3.50 per cent, as it continues to tighten the monetary policy.

"We expect another 25 basis points (bps) in the November 2022 meeting, taking the OPR to 2.75 per cent by end-2022.