“Nonetheless, the downside risk remains. The second wave of Covid-19 infections is expected in October/November. How severe and complex it will be remains unclear, ” it said.
KUALA LUMPUR: AmBank Research believes Bank Negara Malaysia will not cut the Overnight Policy Rate (OPR) again this year as economic conditions are seen improving.
In its report on Thursday, it said the Leading Index (LI) rose for the third consecutive month with July reading showing an acceleration of 7.7% year-on-year from 4.6% on-year in June, which is the fastest expansion since March 2010.
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