KUALA LUMPUR, June 27 — AmBank Research expects Bank Negara Malaysia to increase the overnight policy rate by 50 basis points , bringing the OPR to 2.50 per cent during the upcoming meeting in July, in anticipation of the rising inflation.
The overall inflation in May 2022 stood at 2.8 per cent year-on-year , bringing the all-year average inflation to 2.4 per cent y-o-y. AmBank said despite the current ceiling price for a standard whole chicken being set at RM8.90 per kilogramme , the average price for chicken in June 2022 was RM9.70/kg.
It noted that the government had decided not to remove the ceiling price for chicken but introduce a new ceiling price.
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