OPR Malaysia

2023 - 1 - 18

Post cover — Image courtesy of "The Star Online"

Bank Negara may surprise market by holding OPR or signaling a ... (The Star Online)

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

"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.

BNM 'almost certain' to raise OPR this month (New Straits Times Online)

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.

Brace for a surprise from Bank Negara on OPR, says Maybank IB (Free Malaysia Today)

Investment bank says not to rule out the possibility that central bank will be less hawkish on rate hike.

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Bank Negara likely to hike OPR to 3% tomorrow (Penang Property Talk)

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.

Bank Negara to raise OPR to 3.25pct by March, says Bank Islam ... (New Straits Times Online)

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.

OPR to rise further amid policy... (The Malaysian Reserve)

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 ...