Expectations are growing for Malaysia’s central bank to cut interest rates at its policy meeting on July 9, which is also the deadline for countries to reach trade deals with the US to avert swingeing tariffs.
Bank Negara Malaysia is expected to cut the overnight policy rate (OPR) next week by 25 basis points to 2.75% to preemptively support growth, analysts at HSBC Holdings Plc and CIMB Group Holdings Bhd
. said in separate reports. Traders are pricing in a 40% chance of a rate cut within the next three months, according to swaps data compiled by Bloomberg.
