OPR

KUALA LUMPUR: Standard Chartered Malaysia expects Bank Negara Malaysia (BNM) to raise the overnight policy rate (OPR) to 3.00 per cent from 2.75 per cent, ...

"If subsidies are removed for only 20 per cent of RON95 users, we estimate headline inflation will increase by only 0.9 per cent on an annual basis," it added. "Inflation is elevated and broad-based, reflecting robust demand inflation amid rising manufacturing and services wages, although services wages are still running below medium-term trend growth," it added. "We will watch for BNM's assessment of its monetary policy stance, which may shed light on how close the central bank is to the end of the tightening cycle," it said in a note today.

Following a likely January hike, we expect a pause in March, before another 25bps hike in May, assuming the government announces some form of subsi...

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KUALA LUMPUR (Jan 18): Maybank Investment Bank Bhd (Maybank IB) believes that Bank Negara Malaysia (BNM) may spring a surprise, by either holding the Overnight ...

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Standard Chartered (StanChart) expects Bank Negara Malaysia (BNM) to increase the overnight policy rate (OPR) by 25 basis points to 3.0% during its ...

“We will watch for BNM’s assessment of its monetary policy stance, which may shed light on how close the central bank is to the end of the tightening cycle,” said analysts Edward Lee and Jonathan Koh. StanChart said if subsidies are removed for only 20% of RON95 users, headline inflation is estimated to increase by only 0.9% on an annual basis. Standard Chartered (StanChart) expects Bank Negara Malaysia (BNM) to increase the overnight policy rate (OPR) by 25 basis points to 3.0% during its monetary policy meeting tomorrow, reversing the Covid-induced rate cuts.

Standard Chartered (StanChart) expects Bank Negara Malaysia (BNM) to increase the overnight policy rate (OPR) by 25 basis points to 3.0% during its ...

“We will watch for BNM’s assessment of its monetary policy stance, which may shed light on how close the central bank is to the end of the tightening cycle,” said analysts Edward Lee and Jonathan Koh. StanChart said if subsidies are removed for only 20% of RON95 users, headline inflation is estimated to increase by only 0.9% on an annual basis. Standard Chartered (StanChart) expects Bank Negara Malaysia (BNM) to increase the overnight policy rate (OPR) by 25 basis points to 3.0% during its monetary policy meeting tomorrow, reversing the Covid-induced rate cuts.

KUALA LUMPUR: While the whole nation waits to see if there will be another overnight policy rate (OPR) hike on Jan 19 or whether Bank Negara Malaysia will ...

However, the situation is expected to moderate soon, he said. In short, loans cost more nowadays because the cost of money has increased. Each of these caused inflation to spike. Whatever the decision on the OPR tomorrow, we need to strengthen our financial literacy and preparedness to face future adversity for the sake of our future. Investment applications like Raiz can help you save your small change without you noticing it. However, we need to remember that a normalising OPR is inevitable to ensure foreign investments keep flowing in at a healthy rate and that the ringgit-US dollar exchange rate is maintained within a healthy range.

Bank Islam Malaysia Bhd chief economist Firdaos Rosli said this came amid shrinking monetary accommodation due to the improvements in domestic demand. Firdaos ...

"We expect the ringgit to end the year at RM4.28 from RM4.40 in 2022," he added. "We expect the consumer price index (CPI) to increase by 0.42 per cent above the baseline for every 10 cent increase in RON95," he said. Bank Islam expects the headline inflation to average 3.0 per cent in 2023 from 3.4 per cent in 2022, assuming that the government maintained the current fuel subsidy. "We expect Malaysia's GDP to come in at 8.1 per cent in 2022, exceeding the official projections of between 6.5 per cent to 7.0 per cent. "However, growth headwinds abound in 2023, and we believe that Malaysia's real GDP growth will moderate to 4.5 per cent, steeper than others in the region," he said. "Thus, we expect the OPR to increase by 50 bps during the first quarter of 2023 (January and March meetings) to its new terminal rate of 3.25 per cent.

KUALA LUMPUR: Maybank Investment Bank Bhd (Maybank IB) believes Bank Negara Malaysia (BNM) may surprise by either holding the Overnight Policy Rate (O...

“It is true that languages in the last MPC statement in November keep the door open for more hikes but not without a caveat indicating that rate normalisation is not on any preset course,” Maybank IB said. “From a rates strategy perspective, we think investors may want to position for a surprise hold by BNM considering that the market is already well priced for additional hikes in OPR to around 3.25 per cent. KUALA LUMPUR: Maybank Investment Bank Bhd (Maybank IB) believes Bank Negara Malaysia (BNM) may surprise by either holding the Overnight Policy Rate (OPR) or making a “dovish hike” accompanied by explicit language to signal a pause ahead.

Bank Islam Malaysia Bhd forecasted that the Overnight Policy Rate (OPR) will increase by another 50 basis points (bps) to 3.25% during the first quarter of ...

KUALA LUMPUR, Jan 18 — Bank Islam Malaysia Bhd forecast the overnight policy rate (OPR) to increase by 50 basis points (bps) in the first quarter of this ...

Furthermore, he said Bank Islam predicted the debt (MGS, GII and Malaysian Islamic Treasury Bills, MITB) to the GDP ratio to inch closer to the statutory debt limit (65 per cent) at 64.1 per cent in 2023 (2022: 63.3 per cent). He said with the anticipation of higher development expenditure, Bank Islam forecast the Malaysian Government Securities (MGS) and Government Investment Issues (GII) issuance to be higher at RM185 billion from RM175 billion in 2022. “Prices will remain elevated in 2023 (and) the bank forecasts that the headline inflation to average three per cent in 2023 (2022: 3.4 per cent) under the assumption that the government maintains the current fuel subsidy,” Firdaos said. “The bank expects that consumer price index (CPI) will increase by 0.42 per cent above the baseline for every 10 cents increase in RON95,” he said, adding that options to cut spending in 2023 are limited. The bank said Bank Negara Malaysia (BNM) is expected to raise the rate by 25 bps in its January meeting tomorrow and another 25 bps in the March meeting, thereby bringing the OPR to its new terminal rate of 3.25 per cent in line with the industry standard. “BNM will probably reassess the situation (tightening interest rate cycle) to see where the global economy’s direction is going, in particular in the Euro area, because it is too uncomfortable for such a large economy to be going flat for 2023 (the World Bank anticipates its growth of 0.0 per cent as at January 2023),” he told reporters in his “2023 Economic Outlook: When Prices Are Entrenched” presentation here today.

KUALA LUMPUR, Jan 18 — Bank Islam Malaysia Bhd forecast the overnight policy rate (OPR) to increase by 50 basis points (bps) in the first quarter of this ...

Furthermore, he said Bank Islam predicted the debt (MGS, GII and Malaysian Islamic Treasury Bills, MITB) to the GDP ratio to inch closer to the statutory debt limit (65 per cent) at 64.1 per cent in 2023 (2022: 63.3 per cent). He said with the anticipation of higher development expenditure, Bank Islam forecast the Malaysian Government Securities (MGS) and Government Investment Issues (GII) issuance to be higher at RM185 billion from RM175 billion in 2022. “Prices will remain elevated in 2023 (and) the bank forecasts that the headline inflation to average three per cent in 2023 (2022: 3.4 per cent) under the assumption that the government maintains the current fuel subsidy,” Firdaos said. “The bank expects that consumer price index (CPI) will increase by 0.42 per cent above the baseline for every 10 cents increase in RON95,” he said, adding that options to cut spending in 2023 are limited. The bank said Bank Negara Malaysia (BNM) is expected to raise the rate by 25 bps in its January meeting tomorrow and another 25 bps in the March meeting, thereby bringing the OPR to its new terminal rate of 3.25 per cent in line with the industry standard. “BNM will probably reassess the situation (tightening interest rate cycle) to see where the global economy’s direction is going, in particular in the Euro area, because it is too uncomfortable for such a large economy to be going flat for 2023 (the World Bank anticipates its growth of 0.0 per cent as at January 2023),” he told reporters in his “2023 Economic Outlook: When Prices Are Entrenched” presentation here today.

Bank Islam Malaysia Bhd forecast the overnight policy rate (OPR) to increase by 50 basis points (bps) in the first quarter of this year.

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KUALA LUMPUR: While the nation waits to see if there will be another overnight policy rate (OPR) hike today or whether the current rate will be mainta...

In short, loans cost more nowadays because the cost of money has increased. This has resulted in financial liquidity drying up for many. Those who refinanced their loans or signed up for new financing in the wake of high OPR rates, especially for long-term commitments like housing or automotive loans, will find the situation particularly tough.

PETALING JAYA: Bank Negara Malaysia (BNM) has maintained the overnight policy rate (OPR) at 2.75%. The OPR was last raised by 25 basis points to 2.75% in ...

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KUALA LUMPUR: Bank Negara's Monetary Policy Committee (MPC) surprised the market by maintaining the overnight policy rate (OPR) at 2.75%.

“At the current OPR level, the stance of monetary policy remains accommodative and supportive of economic growth. “As a result, growth for 2022 is expected to exceed the earlier projected range of 6.5% - 7.0%. Headline inflation has averaged 3.4% for the period January-November 2022. Tourist arrivals have continued to rise, further lifting the tourism-related sectors. On the other hand, growth in China is expected to improve once the current COVID-19 wave subsides. This will continue to pose headwinds to the global growth outlook.