StanChart:BNM Expected To Keep OPR At 3.25 %
17 views · Published 9 July 2018 · 1:01 · Indexed 23 September 2026
Channel: 7Edition · 2018 · News & Politics
Standard Chartered Global Research (StanChart), expects Bank Negara Malaysia (BNM), to keep the Overnight Policy Rate (OPR), on hold at 3.25 per cent and maintain a neutral stance. The decision will be made after the 4th Monetary Policy Committee meeting scheduled on July 11th. The research firm said the zero-rating of the Goods and Services Tax (GST), effective June 1st was likely to result in a one-off dip in inflation. However, BNM is expected to look past the volatility in inflation and focus on growth in its monetary policy decision-making. StanChart also maintained its status-quo call for 2018 as the firm expects the growth to moderate from the strong levels in 2017 but remain firm. Meanwhile, it expects the may 2018 Industrial Production Index (IPI), to grow at 2.8 per cent year-on-year.
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