KUALA LUMPUR, Jan 4 — Bank Negara Malaysia is likely to raise the overnight policy rate towards the year-end on the back of expectation that inflation will pick up again despite risks of a new coronavirus variant weighing on growth, Maybank Investment Banking Group said today.
Maybank IBG said it expects BNM to raise the OPR by 25 basis points to 2 per cent by the fourth quarter from the current 1.75 per cent. Suhaimi Ilias, its chief economist, said the late OPR adjustment underscores BNM’s forecast of output growth, which he expects to pick up only after the second half of this year.
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