Benign inflation in 2021
Experts think Bank Negara may avoid tightening the country’s monetary policy settings next year. PETALING JAYA: While Malaysia is expected to escape deflation in 2021 and see increased price pressures in the coming months, experts think Bank Negara may avoid tightening the country’s monetary policy settings next year. According to CGS-CIMB Research, policymakers at the central bank are likely to remain cautious due to the uneven economic recovery. As a result, the benchmark overnight policy rate (OPR) could be retained at 1.75% throughout 2021. The research house forecasts a headline infl...
Source: thestar.com.my