Bank Negara likely to hold OPR at 3% for rest of 2023 - BMI

KUALA LUMPUR: Bank Negara Malaysia (BNM) has reached the end of its hiking cycle and will leave the overnight policy rate (OPR) at 3.0 per cent for the rest of 2023, said BMI.

The research firm, which is a unit of Fitch Solutions, said BNM would increasingly turn its focus to supporting growth over the coming months as inflation continues to moderate domestically.