CIMB Economics Research does not expect Bank Negara Malaysia (BNM) to following its Indonesian counterpart in lowering interest rates,despite rising calls from several quarters for it to cut the OPR to help relieve the burden of consumers in servicing their debts.
The research house had on Friday maintained its call that BNM would not move the overnight policy rate (OPR) at all in 2016.
“Such a move (to lower the OPR) when the ringgit continues to weaken and inflation is on an uptrend amidst market volatility may not be warranted. We maintain our call for the OPR to remain unchanged at 3.25% in 2016,” it said.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
The research house had on Friday maintained its call that BNM would not move the overnight policy rate (OPR) at all in 2016.
“Such a move (to lower the OPR) when the ringgit continues to weaken and inflation is on an uptrend amidst market volatility may not be warranted. We maintain our call for the OPR to remain unchanged at 3.25% in 2016,” it said.
No comments:
Post a Comment