PETALING JAYA: Bank Negara has cut the statutory reserve requirement (SRR) ratio to an “unnaturally low figure”, heavily implying that the overnight policy rate (OPR) could be reduced later.
However, until the OPR is actually reduced, analyst Samuel Woo of MIDF Research said the lower SRR will bode well for banks’ net interest margin (NIM) outlook, alleviating cost of fund-related concerns.
