Array
(
    [_edit_lock] => Array
        (
            [0] => 1715057653:30
        )

    [tdc_dirty_content] => Array
        (
            [0] => 1
        )

    [tdc_icon_fonts] => Array
        (
            [0] => a:0:{}
        )

    [post_views_count] => Array
        (
            [0] => 225
        )

    [_thumbnail_id] => Array
        (
            [0] => 195144
        )

    [post_views_count_7_day_arr] => Array
        (
            [0] => a:7:{i:0;a:3:{s:4:"date";s:10:"1752517353";s:5:"count";i:1;s:14:"per_hour_count";a:1:{i:18;i:1;}}i:1;a:3:{s:4:"date";s:10:"1752538225";s:5:"count";i:1;s:14:"per_hour_count";a:1:{i:0;i:1;}}i:2;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:3;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:4;a:2:{s:4:"date";i:0;s:5:"count";i:0;}i:5;a:3:{s:4:"date";s:10:"1752321980";s:5:"count";i:1;s:14:"per_hour_count";a:1:{i:12;i:1;}}i:6;a:2:{s:4:"date";i:0;s:5:"count";i:0;}}
        )

    [post_view_7days_last_day] => Array
        (
            [0] => 1
        )

    [post_views_count_7_day_last_date] => Array
        (
            [0] => 1752538225
        )

    [post_views_count_7_day_total] => Array
        (
            [0] => 3
        )

    [post_views_last_24_hours] => Array
        (
            [0] => 2
        )

    [post_views_last_48_hours] => Array
        (
            [0] => 2
        )

    [_edit_last] => Array
        (
            [0] => 30
        )

    [onesignal_meta_box_present] => Array
        (
            [0] => 1
        )

    [onesignal_send_notification] => Array
        (
            [0] => 
        )

    [onesignal_modify_title_and_content] => Array
        (
            [0] => 
        )

    [onesignal_notification_custom_heading] => Array
        (
            [0] => 
        )

    [onesignal_notification_custom_content] => Array
        (
            [0] => 
        )

    [_post_language] => Array
        (
            [0] => Bahasa Malaysia
        )

    [_molongui_author] => Array
        (
            [0] => guest-97702
        )

    [_molongui_main_author] => Array
        (
            [0] => guest-97702
        )

    [td_post_theme_settings] => Array
        (
            [0] => a:1:{s:11:"td_subtitle";s:84:"Firm says GDP growth resilient at 3.9% y-o-y but lower than expected for end of 2023";}
        )

    [_yoast_wpseo_primary_category] => Array
        (
            [0] => 599
        )

    [_yoast_wpseo_focuskw] => Array
        (
            [0] => OPR
        )

    [_yoast_wpseo_metadesc] => Array
        (
            [0] => Standard Chartered Global Research expects Bank Negara Malaysia to keep the OPR at 3% in the upcoming monetary policy meeting on May 9.
        )

    [_yoast_wpseo_linkdex] => Array
        (
            [0] => 53
        )

    [_yoast_wpseo_content_score] => Array
        (
            [0] => 60
        )

    [_yoast_wpseo_estimated-reading-time-minutes] => Array
        (
            [0] => 1
        )

    [_yoast_wpseo_wordproof_timestamp] => Array
        (
            [0] => 
        )

)

BNM will likely maintain OPR at 3%: Standard Chartered | Scoop

Bank Negara Malaysia, BNM, Kewangan, Central Bank of Malaysia, F — Bank Negara Malaysia will likely keep the overnight policy rate unchanged at 3% in the upcoming monetary policy meeting on May 9, according to Standard Chartered Global Research. – Scoop file pic, May 7, 2024

BNM will likely maintain OPR at 3%: Standard Chartered

Firm says GDP growth resilient at 3.9% y-o-y but lower than expected for end of 2023

Updated 7 May, 2024

7 May, 2024

12:50 PM MYT

KUALA LUMPUR – Standard Chartered Global Research expects Bank Negara Malaysia (BNM) to keep the overnight policy rate (OPR) unchanged at 3% in the upcoming monetary policy meeting on May 9.

The research firm said it will watch for any tweaks to the central bank’s inflation outlook to assess the possibility of a hike in late 2024.

“The first quarter gross domestic product (GDP) growth was resilient at 3.9% year-on-year but was lower than we had anticipated as of end-2023.

“Inflation remained benign as of March, despite a two percentage point increase in the services tax, suggesting limited pass-through. This reflects subdued core inflation,” it said in a research note today.

It said recent developments, however, may have increased the possibility of a hike in late 2024.

“First, the restructuring of the Employees’ Provident Fund accounts – which could lead to an estimated RM25 billion (circa 1.3%of GDP) of withdrawals – will likely add to demand-driven inflation.

“Second, civil service salaries (circa 10% of total employed) may be raised by more than 13% from December. And third, fuel subsidy rationalisation (a well-flagged factor) may be implemented in 2025 or earlier, adding to an upside risk,” it added. – May 7, 2024

Topics

◉ Popular

◉ Related