Bank Negara likely to hold OPR at 3% for rest of 2023 - BMI

Definitely, maybe.

The brokerage firm, which is a unit of credit rating agency Fitch Solutions, said BNM would increasingly turn its focus to supporting growth over the coming months as inflation continues to moderate domestically.

First, headline inflation continued to ease to 3.4 per cent year-on-year in March from 3.7 per cent in February, marking the slowest pace in nine months. "Following the US Federal Reserve’s latest meeting on May 3, our global team expects the Fed Funds Rate to be raised only marginally further to a peak of 5.50 per cent by the first half of 2023, from 5.25 per cent currently.

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