BNM OPR seen lower at 1.50% by end-2020 as MGS yields fall to record low — RAM

KUALA LUMPUR (Aug 19): Bank Negara Malaysia (BNM) may cut the overnight policy rate (OPR) to 1.50% by end of this year as Malaysian Government Securities' (MGS) yields fall to record lows amid the abundance of global liquidity, according to RAM Rating Services Bhd.

RAM economist Woon Khai Jhek wrote in a note today RAM expects domestic bond yields to stay suppressed amid the abundance of global liquidity and that RAM is not discounting another round of OPR cuts by BNM. 

"We think (the) OPR could possibly end 2020 at 1.50%,” Woon said.

Read more at: https://www.theedgemarkets.com/article/bnm-opr-seen-lower-150-end2020-mgs-yields-fall-record-low-%E2%80%94-ram