Further OPR hikes possible, say experts

PETALING JAYA: Analysts think a further hike in the overnight policy rate (OPR) this year can’t be discounted, following Bank Negara’s surprise hike of 25 basis points (bps) to 3% last week.

As inflationary pressures ease further and growth softens in the domestic economy, SPI Asset Management managing director Stephen Innes expects the central bank to keep the OPR rate unchanged for the rest of this year at 3%.