Juwai IQI Expects BNM To Keep OPR At 2.75 Pct
KUALA LUMPUR, March 4 (Bernama) -- International real estate technology group, Juwai IQI expects Bank Negara Malaysia (BNM) to keep the Overnight Policy Rate (OPR) unchanged at 2.75 per cent, choosing stability as Malaysia’s economy continues its strong performance.
Co-founder and group chief executive officer Kashif Ansari said stable interest rates would help to sustain confidence in the property market.
"Malaysia is in an exceptionally strong position. Growth is expected at about 4.5 per cent this year while inflation remains low, giving policymakers room to stay patient despite global uncertainty," he said in a statement.
Kashif highlighted that steady transactions have continued in Greater Kuala Lumpur, Johor Bahru and Penang, with developers remaining disciplined and no signs of overheating or increasing oversupply.
He also said loan approval rates remain healthy, and household debt growth has slowed from the early 2020s.
"Rather than global events, BNM is likely to focus on domestic inflation and growth metrics this week.
"Given the unpredictable tariff situation and other external uncertainties, I believe the central bank will place a higher priority on maintaining interest rate stability," he added.
-- BERNAMA