Bank Negara Malaysia (BNM) will likely increase the overnight policy interest rate (OPR) to 3.25%

KUALA LUMPUR, MALAYSIA – Media OutReach – 4 July 2023 – The Monetary Policy Committee of the Bank Negara Malaysia (BNM) will meet on 5–6 July to make a decision on monetary policy. OctaFX experts anticipate a 25 basis points increase in the interest rate, bringing it to 3.25%. This article delves into the factors influencing this decision and the potential impact on the Malaysian ringgit.