Bank Negara likely to keep OPR at 3% on Thursday - StanChart Singapore

Bank Negara's logo at Sasana Kijang. -AZMAN GHANI/The Star

KUALA LUMPUR: Bank Negara Malaysia (BNM) is likely to keep the overnight policy rate (OPR) unchanged at 3.0 per cent at its upcoming monetary policy meeting on July 11, despite the recent implementation of diesel subsidy rationalisation, says Standard Chartered Bank (Singapore) Ltd (StanChart Singapore).

However, the bank said it will watch for any tweaks to BNM’s inflation outlook given the diesel subsidy rationalisation, which was implemented on June 10.