Analysts have mixed views on Bank Negara decision on OPR this week 18 Jan 2021 / 22:06 H.
KUALA LUMPUR: Analysts are mixed in their views on Bank Negara Malaysia’s (BNM) stance on the overnight policy rate (OPR) in the upcoming Monetary Policy Committee meeting on Wednesday.
Bank Islam Malaysia Bhd chief economist Dr Afzanizam Mohd Rashid said the central bank would likely reduce the OPR by 25 basis points at the meeting.
“We have seen that the number of new (Covid-19) infections has yet to subside, leading to the reintroduction of Movement Control Order (MCO) in key states for two weeks. This would result in output loss as human mobility is highly restrictive.