KUALA LUMPUR: While the increase in the overnight policy rate (OPR) in September led to lower recorded loan applications in the banking sector, the lenders could be seeing stronger interest income growth in the coming quarters, says RHB Research.
According to the research firm, Bank Negara's third consecutive rate hike for the year increased the average lending rate by 19bps month-on-month (m-o-m), which softened the general appetite for financing.
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