KUALA LUMPUR: RHB Investment Bank Bhd expects that Bank Negara would call for a 25-basis-point cut in the overnight policy rate (OPR) by year-end to ensure the sustainability of economic growth.
Its head of regional equity research Alexander Chia, however, said the reduction would not further drag down the ringgit, which currently trades at around 4.14 versus the US dollar.
Already a subscriber? Log in.
Subscribe to win RM50 Touch 'n Go e-Voucher! More Info
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!