Bank Negara has strong reason to maintain OPR

Bank Muamalat's Mohd Afzanizam said Bank Negara’s decision would be primarily driven by domestic factors.

PETALING JAYA: While the US Federal Reserve (Fed) is expected to lower its fund rates at the next Federal Market Open Committee meeting this month, observers are assuming that central banks globally will likely follow suit.

It is interesting to see if Bank Negara Malaysia will also cave in to the “peer pressure”, should the anticipated worldwide rate cuts come to pass, although observation from the past few years should put paid to that theory.