Bank Negara seen to lower key rate
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.
“Our house forecast for the ringgit is to trade at RM3.80 against the US dollar by year-end.
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