PETALING JAYA: Bank Negara is expected to continue to hold steady its overnight policy rate (OPR) in the upcoming Monetary Policy Committee (MPC) meeting this week in order to assess the impact of previous OPR hikes on the real economy, says AmBank Group Research.
The research house opined that Bank Negara will likely increase the OPR by another 25 basis points in the second quarter of 2023 (2Q23) or beyond, to the pre-pandemic rate of 3%.
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