KUALA LUMPUR: The normalisation of the Overnight Policy Rate (OPR) since 2022 has created the policy space for Bank Negara Malaysia (BNM) to respond to possible lacklustre economic growth going forward, says an economist.
Bank Muamalat chief economist Mohd Afzanizam Abdul Rashid said prevailing monetary conditions are already restrictive with the real interest rate hovering at 1.5& in December 2023 compared to the long-term average of 0.6%
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