BNM makes surprise 25bps hike in OPR to 3%
Bank Negara Malaysia (BNM) has raised the overnight policy rate (OPR) by 25 basis points (bps) to 3%, as the central bank believes the global economy continues to be driven by resilient domestic demand.
OPR to remain on hold at 3% for the rest of 2023, Fitch Solutions says
Fitch Solutions sees Bank Negara Malaysia (BNM) at the end of its hiking cycle, leaving the overnight policy rate (OPR) on hold at 3% for the rest of 2023.
Winners and losers of Bank Negara’s latest OPR rate hike to 3%
The banking sector emerged a winner, while the property and real estate investment trust (REIT) sectors were the unfortunate recipients of Bank Negara Malaysia’s (BNM) surprise move to increase the overnight policy rate (OPR) by 25 basis points (bps) to 3% on May 3, 2023.