Malaysia OPR likely to stay at current level in 2015 - RHB Asset Management

-A +A

KUALA LUMPUR (Dec 15): RHB Asset Management Sdn Bhd expects Bank Negara Malaysia to maintain its overnight policy rate (OPR) at the current 3.25% in 2015 amid slower economic growth and inflation.

RHB Asset chief investment officer Hoe Cheah How said the nation was expected to go through slower growth as exports declined.

"We expect that lower inflation and slower economic growth will not push Bank Negara to raise the OPR," Hoe said at a press conference today during the RHB-OSK Focus Income Bond Fund Series 4 launch.

He said RHB Asset had forecasted Malaysia's gross domestic product growth at between 4.8% and 5.2% in 2015.

Hoe said inflation would not be as high as recently feared. Despite fuel subsidy removal here, falling oil prices are expected to curb consumer price growth, according to him.