Bank Negara likely to pause interest rate decision in 1H23 - research houses

KUALA LUMPUR: Bank Negara Malaysia (BNM) is likely to pause its interest rate decision and keep the overnight policy rate (OPR) unchanged at 2.75 per cent in the first half of 2023, said research houses today.

Public Investment Bank Bhd expects another 25 basis points (bps) rate hike to 3.0 per cent in the second half of 2023, but this hinges on domestic policy measures such as the possible introduction of a targeted fuel subsidy and price controls as well as global commodity price developments.