Keeping the OPR at 3% is favorable for allowing additional time to secure financial stability and prevent a decline in purchasing power, says analyst.
KUALA LUMPUR: The Bank Negara Malaysia’s decision to maintain the overnight policy rate at 3% during its last meeting of the year today would be good for the economy as many were still recalibrating from the previous hike in OPR and the increase in the cost-of-living post-pandemic, an analyst said.
“We believe the outlook for regional equities remains upbeat due to favourable interest rate expectations. “Driven by renewed optimism, we expect the market to maintain its buying momentum, with the benchmark index trending within the 1,435-1,450 range towards the weekend,” he added. Turnover increased to 3.38 billion units worth RM1.93 billion from 2.79 billion units valued at RM1.79 billion yesterday.
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