Bank Negara Malaysia (BNM) is expected to maintain the overnight policy rate (OPR) at 2.75 percent in the next monetary policy committee (MPC) meeting, said research houses.

In a research note, Bank Islam Malaysia Bhd opined that BNM might maintain the rate in view of the current degree of accommodative stance amidst moderate growth and inflation outlook.

It said that the central bank had hit the brakes on its policy normalisation cycle during the first two MPC meetings in 2023 to assess the impact of the cumulative 100 basis points OPR hikes on the economy...