KUALA LUMPUR, May 10 — MIDF Research expects the upbeat domestic demand momentum underpinned by a steady labour market, softening inflationary pressure, pick-up in tourism activities, and supportive economic policies to boost the first quarter (Q1) of 2023’s gross domestic product (GDP) growth and the overall 2023 expansion rate.

KUALA LUMPUR, May 9 — RHB Investment Bank Bhd has revised upward its first quarter 2023 (1Q2023) gross domestic product (GDP) growth forecast to 5.1 per cent year-on-year (YoY) from 4.2 per cent previously on better-than-expected March Industrial Production.

KUALA LUMPUR, May 5 — Alliance Bank Malaysia Bhd and Alliance Islamic Bank Bhd will raise their standardised base rate (SBR) by 25 basis points to 3.00 per cent per annum to mirror the overnight policy rate (OPR) effective May 10, 2023, following Bank Negara Malaysia’s OPR revision to 3.00 per cent on May 3, 2023, from 2.75 per cent.

KUALA LUMPUR, May 5 — Every 25 basis points hike in the overnight policy rate (OPR) will widen the banking sector’s net interest margin (NIM) by five to six basis points, which in turn will lift earnings forecast by three to four per cent, Hong Leong Investment Bank said.

KUALA LUMPUR, May 5 — Bank Negara Malaysia (BNM) has reached the end of its hiking cycle and will leave the overnight policy rate (OPR) at 3.0 per cent for the rest of 2023, said BMI.

KUALA LUMPUR, May 5 — The ringgit opened higher against the US dollar on Friday, buoyed by the increase in the Overnight Policy Rate (OPR) to 3.00 per cent, but the ringgit-dollar pair is projected to trade in a narrow range as risk-off mode leads to increased demand for the greenback.

KUALA LUMPUR, May 3 — The ringgit rose against the US dollar following the unexpected move by Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) to increase the Overnight Policy Rate (OPR) by 25 basis points to 3.00 per cent.

KUALA LUMPUR, May 3 — Maybank will revise upwards its standardised base rate (SBR), base rate (BR), and base lending rate (BLR) by 25 basis points effective May 8, 2023, following the announcement today on the overnight policy rate (OPR) increase.

KUALA LUMPUR, May 3 — Public Bank will be increasing its standardised base rate (SBR), base rate (BR) and base lending rate (BLR)/base financing rate (BFR) by 0.25 per cent effective May 8, 2023.

KUALA LUMPUR, May 3 — Bank Negara Malaysia (BNM) said the three per cent overnight policy rate (OPR) has brought back the benchmark interest rate to pre-crisis levels and is more aligned with the stronger state of the economy.

KUALA LUMPUR, May 3 — Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) has decided during today’s meeting to increase the Overnight Policy Rate (OPR) by 25 basis points to 3.00 per cent.

KUALA LUMPUR, May 2 — The ringgit traded lower on strength in the US dollar as traders await the Federal Open Market Committee (FOMC) and Monetary Policy Committee (MPC) rate decisions.

KUALA LUMPUR, April 5 — The overnight policy rate (OPR) varies according to economic conditions and is decided by Bank Negara Malaysia, said Bank Muamalat chief economist Mohd Afzanizam Abdul Rashid.

KUALA LUMPUR, Jan 19 — The ringgit closed higher versus the US dollar today, extending yesterday’s gains, after Bank Negara Malaysia (BNM) chose to keep the overnight policy rate (OPR) at 2.75 per cent, putting an end to market speculation about the rate hike cycle.

KUALA LUMPUR, Jan 19 — Bank Negara Malaysia (BNM) made no change in the overnight policy rate in its first monetary policy meeting for 2023, meeting the expectations of some economists and research houses.

KUALA LUMPUR, Jan19 — Bank Negara Malaysia (BNM) has decided to maintain the overnight policy rate (OPR) at 2.75 per cent during its meeting today.

KUALA LUMPUR, Dec 16 — Hong Leong Investment Bank Bhd (HLIB) opines that the worst could be over for the ringgit and expects an appreciation bias for the local currency averaging at RM4.34 against the US dollar in 2023 compared to about RM4.40 currently.

KUALA LUMPUR, Sept 12 — Malaysia’s retail trade is expected to grow by 17.6 per cent this year, supported by improving macro outlook and fundamentals, said MIDF Amanah Investment Bank Bhd Research (MIDF Research).

KUALA LUMPUR, July 7 — Alliance Bank Malaysia Bhd will raise its Base Rate, Base Lending Rate and Base Financing Rate by 25 basis points (bps) effective July 13, 2022, following Bank Negara Malaysia’s revision of the Overnight Policy Rate (OPR) on July 6, 2022.

KUALA LUMPUR, July 7 — CIMB Bank Bhd and CIMB Islamic Bank Bhd will be increasing their Base Rate and Fixed Deposit / Fixed Return Income Account-i Board Rates by 0.25 per cent, following Bank Negara Malaysia’s (BNM) announcement of a hike in the overnight policy rate (OPR) yesterday.