Thursday, 19 May 2016

All eyes on interest rate, analysts expect status quo

All eyes are on Bank Negara, as speculation mounts on the possibility of the central bank lowering interest rates today.

Against a backdrop of a low interest rate environment and slowing growth, some bankers had alluded last month that Bank Negara could use this opportunity to cut the overnight policy rate (OPR) for the first time in seven years.

They had reasoned that this was to be in sync with the global trend of keeping interest rates low to stimulate the slowing economy.

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