Economists call for longer pause on OPR hike by Bank Negara

Analysts are concerned a resumption in OPR hikes in 1H23 may further hurt the economy, which had contracted by 2.6% in the fourth quarter of 2022 on a seasonally-adjusted quarter-on-quarter basis. — Reuters

PETALING JAYA: Bank Negara may take a longer pause before raising its benchmark interest rate again this year.

This could bring some cheer to the market and households, whose pockets have been hit by the rise in borrowing costs.