KUALA LUMPUR: Analysts expect Bank Negara Malaysia to continue to maintain the overnight policy rate at 3.0 per cent in 2024, given that the OPR is already at the normal rate supportive of sustained economic growth in the country.
"The domestic economic outlook is predicted to stay vigilant and resilient underpinned by steady domestic demand. However, the stabilisation of the core inflation rate and a challenging external environment may influence BNM to keep the OPR at the current level throughout 2024,” it said in a note today.
The research house also reckons that the ringgit is likely to strengthen towards a range of 4.50-4.70 against the US dollar by end-2024 .
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