Covid-19: Another OPR cut may be possible, says MIER | Malay Mail

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KUALA LUMPUR, Feb 21 — The Malaysian Institute of Economic Research (MIER) does not discount the possibility of another overnight policy rate (OPR) cut being introduced later this year due to the impact from the 2019 novel coronavirus (Covid-19) situation in Malaysia. Chairman Tan Sri Datuk Kamal...

MIER chairman Tan Sri Datuk Kamal Salih said the move would promote economic growth and provide sufficient liquidity in the market. — Picture by Yusof Mat Isa

He told reporters this during a press conference on the impact of the Covid-19 outbreak on the Malaysian economy here, today. “However, the institute expects the country’s gross domestic product to be lower by about 0.15 per cent or by as much as 0.77 per cent in the first quarter of 2020.

 

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