KUALA LUMPUR: The overnight policy rate (OPR) is likely to stay unchanged at 1.75% following an anticipated recovery in the economy.
There are market expectations that Bank Negara would initiate further cuts of up to 25 basis points to the OPR at the beginning of this year, which did not materialise.
If there had been a cut in OPR, AmBank Research said that the 3-month Klibor would have trended down to 1.69% from 1.94% presently.
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