OPR likely nearing its optimal rate

Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid

KUALA LUMPUR: The Overnight Policy Rate (OPR) is likely nearing its optimal level based on historical factors where the rate hovered between three per cent and 3.25 per cent, an economist said.

Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said although the past history could be the guidance for determining the OPR number, no one could really predict the suitable rate going forward.