He noted that the MPC's fifth meeting of the year is likely to see another 25 bps hike — which would raise OPR to 2.5% — in view of the continued improvement in the domestic economy. Looking at the last MPC meeting in November, Zafri expects another hike of 25 bps to end the year at 2.75%. Socio-Economic Research Centre (SERC) executive director Lee Heng Guie said a 25 bps hike is on the cards on Thursday given the strength of the Malaysian economy and inflationary pressures. Contrary to MIDF's forecast, SERC's Lee sees no more rate hike in November. The central bank then raised the key benchmark rate by another 25 bps to 2.25% in July.

Source: The Edge Markets September 08, 2022 07:08 UTC