KUALA LUMPUR: Maybank Investment Bank Bhd (Maybank IB) expects Bank Negara Malaysia (BNM) to keep the overnight policy rate (OPR) at 2.75 per cent for the rest of the year after the 25 basis points reduction on July 9.
Based on the briefing following last week’s monetary policy committee meeting, Maybank IB’s group chief economist, Suhaimi Ilias, said the investment bank believes that BNM is likely adopting a "one-cut-and-done” approach to rate cuts.
