KUALA LUMPUR: CIMB Treasury & Markets Research expects Bank Negara Malaysia (BNM) to maintain the overnight policy rate (OPR) at 2.75 per cent in its final Monetary Policy Committee (MPC) meeting on Nov 6, underpinned by robust macroeconomic indicators.
In a research note, the investment bank said that although an early-2026 rate cut remains possible, it hinges on two key indicators - persistent weakness in non-electrical and electronic (E&E) exports and a moderation in business and working capital credit growth - which, if sustained, could justify a 25-basis-point easing in the first quarter of 2026 (1Q 2026).
