Expect another overnight policy rate hike, say economists

Khoo Gek San

Economic experts say the increase of the overnight policy rate (OPR) by 25 basis points to 2% by Bank Negara yesterday is a positive measure in preparation for the economic recovery in the second half of the year. – The Malaysian Insight file pic, May 13, 2022.

MALAYSIANS can expect the overnight policy rate (OPR) to increase further in the second quarter of the year if domestic inflation is not suppressed, economists said.

They said the depreciating ringgit, global commodity prices and other uncertainties may likely push the OPR up further.

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