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Bank Negara Malaysia Keeps The Door Open for More Rate Cuts

Julia Goh, Senior Economist, UOB Malayisa

08-Jul-20 07:47

Bank Negara Malaysia Keeps The Door Open for More Rate Cuts

Bank Negara Malaysia announced it is cutting the overnight policy rate (OPR) by 25 basis points to a record low of 1.75% -- marking the fourth straight cut. The central bank's dovish statement remarked that the impact of the pandemic on the global economy has been “severe.” We speak to Julia Goh for her reactions and outlook on the Malaysian economy for 2020.

Produced by: Dayana Mustak

Presented by: Wong Shou Ning


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Tags:  malaysia economybank negaraoprrate cutbnmFinancial ServicesGovernment/Regulatory/Policy MakingEconomy, Markets

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