Bank Negara raises OPR by 25bps. Following last night’s +25bps adjustment to the overnight policy rate (OPR), the new cycle of rising interest rates in Malaysia has clearly begun. As highlighted by our economist, we expect a two-step increase this year, by a maximum of 50bps. There could be more adjustments in 2011 but this will be subject to the strength of the economic recovery.
Market Update : Shifting Trends : Higher Interest Rates - 05/03/2010
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