BNM Fines Three Banks RM7.29 Million for Breaches in Compliance and Tech Failures
Despite anticipated U.S. Federal Reserve rate cuts, Bank Negara Malaysia (BNM) is expected to keep the Overnight Policy Rate (OPR) at 3% until 2025.
Maybank Investment Bank (Maybank IB) notes that the Fed may cut its rates by 50 basis points in 2024 and 100 basis points in 2025, but Malaysia’s OPR is likely to remain unchanged due to a large gap between domestic and U.S. rates and potential inflation risks.
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The stability in Malaysia’s OPR is seen as beneficial for bank margins and non-interest income. Maybank IB remains optimistic about Malaysian Government Securities (MGS) and the potential for continued foreign investment in the banking sector, supported by a strengthening ringgit and favorable economic conditions.
Strong fundamentals support resilience in the banking sector.
Structured transitions help ensure long-term stability.
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