Tag: why interest rate may be cut further
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That CUT is most probably coming to HELP
In March, our Bank Negara Malaysia (BNM) reduced the Overnight Policy Rate (OPR) by 25 bps. The reason was because BNM expected the economy to be affected by COVID-19 in the first quarter. Thus, in order to help the growth in subsequent quarters, this cut is necessary. The industries such as tourism-related and manufacturing have…