Malaysia’s OPR now stands at 2.00 per cent, the lowest since the 2008-2009 Global Economic Crisis, and according to research notes, Bank Negara Malaysia is expected to reduce another 25 basis points to 1.75 per cent to safeguard the economy after the fallout due to Covid-19 pandemic. — Picture by Ahmad Zamzahuri
An analyst said the announcement would be key in determining the economic position in the next several months as the banking moratorium would end in September. Malaysia’s OPR now stands at 2.00 per cent, the lowest since the 2008-2009 Global Economic Crisis, and according to research notes, Bank Negara Malaysia is expected to reduce another 25 basis points to 1.75 per cent to safeguard the economy after the fallout due to Covid-19 pandemic.
“The global oil market has remained stagnant at US$40 per barrel as demand is still slow after economies started to re-open. However, as long as logistics and air travel remain on restriction, demand will continue to be subdued,” she said.
Source: Digital Coin News (digitalcoinnews.net)
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