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Tag: BNM cutting OPR 2016

  • Accommodative stance needs a further boost, lower OPR?

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    by

    Charles Tan
    in

    Let’s look at a few predictions first. Recently, World Bank cut its earlier projected 2.9% global economic growth forecast in to 2.4%. The 2.9% forecast was just few months ago in January 2016. In April 2016, International Monetary Fund (IMF) revised its global economic growth outlook for 2016 downwards, from earlier forecasted 3.4% down to 3.2%. The…