Kenanga Investment: Bank Negara likely to raise OPR by at least 25 bps by end-2022

  • 📰 malaymail
  • ⏱ Reading Time:
  • 36 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 86%

United States News News

United States United States Latest News,United States United States Headlines

KUALA LUMPUR, June 16 ― Bank Negara Malaysia (BNM) is likely to raise the overnight policy rate (OPR) by at least 25 basis points (bps) by year-end, in view of the aggressive...

KUALA LUMPUR, June 16 ― Bank Negara Malaysia is likely to raise the overnight policy rate by at least 25 basis points by year-end, in view of the aggressive interest rate hike by the United States Federal Reserve , said Kenanga Investment Bank Bhd.

In its economic report today, Kenanga said the global financial markets’ reaction to the rate hike and its eventual impact on the economy would provide a stronger impetus for most central banks to follow suit. The investment bank said BNM’s policy stance is gradually tilting towards tightening in view of improving domestic demand following the reopening of international borders and relaxation of Covid-19 restrictions, leading to the buildup of a demand-driven inflationary trend.

Meanwhile, RHB Investment Bank Bhd noted that the Malaysian government bond market might see some domestic bids , and net foreign selling could be limited following the Fed's interest rate decision.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in US

United States United States Latest News, United States United States Headlines