KUALA LUMPUR: The overnight policy rate (OPR) is expected to remain unchanged at three per cent throughout 2024 due to manageable inflation pressures and stable economic prospects, said RHB Investment Bank Bhd (RHB IB).
The investment bank noted that there is a lack of impetus for Bank Negara Malaysia to adjust the OPR given current conditions.
RHB IB said the wide official inflation range of two per cent to 3.5 per cent provides ample room to accommodate future price fluctuations.
"In our view, three key factors that will influence the OPR movements are Malaysia's economic momentum, inflation trajectory, and global interest rate trends in the foreseeable future," it said in a research note.
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