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OPR likely to be kept at 1.75pc at upcoming Monetary Policy Committee meeting, say economists | Money

Monday, 01 Mar 2021 04:24 PM MYT
In July last year, BNM reduced the OPR to 1.75 per cent, a record low since the floor was set in 2004. It has since maintained the rate. Picture by Ahmad Zamzahuri
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KUALA LUMPUR, March 1 Bank Negara Malaysia (BNM) is expected to maintain the Overnight Policy Rate (OPR) of 1.75 per cent at the year’s second Monetary Policy Committee (MPC) meeting on March 4, amid expectations of an economic recovery, said economists.
Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said that high-frequency data such as exports and the Consumer Price Index (CPI) indicate that the economy is recovering. ....

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The State of the Nation: New approaches needed to tackle unemployment in 2021

WHILE the rollout of the Social Security Organisation’s (Socso) Wage Subsidy Programme (WSP) 3.0 as part of the Permai Assistance Package has been a much needed boost for employers, the reality is that companies are going to need sustainable measures to keep their operations and employees afloat. Economists have projected a high rate of unemployment this year and are hoping the government will take new approaches to tackle the issue. ....

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