StanChart sees OPR at 2.7% by mid-year

25 persons registered to buy Plaza Melati now, there are more to come.

PUCHONG: Standard Chartered Bank Malaysia Bhd expects the overnight policy rate (OPR) to gradually increase to 2.7% by mid-year from 2% currently.

Interest rates would start rising from the end of the first quarter, Bernama quoted managing director and chief executive officer Osman Morad as saying yesterday.

“I think Bank Negara has released a statement to make it very clear that it is concerned about growth and we will probably see a rise in OPR. (Based on) our own internal forecast, we’ll see a possible two or three increases,” he said after the opening of the bank’s newly relocated branch in Bandar Puteri Puchong.

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23 Room Hotel with Pub in Bukit Bintang for Sale

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