PETALING JAYA: The cut in the overnight policy rate (OPR) is expected to provide a lift to credit sentiment and ease financing burdens, with positive implications for the banking and property sectors.
Bank Negara had reduced the OPR by 25 basis points (bps) to 2.75% last Wednesday – the first cut in nearly two years – citing pre-emptive measures to support growth amid a softening global outlook.
