Bank Negara Malaysia Hike Rates For The 3rd Consecutive Time

The overnight policy rate is now at 2.5% after a 25bps hike by Bank Negara Malaysia. Was this expected and what could be gleamed from the MPC statement? Julia Goh, Senior Economist at UOB Malaysia gives us her answers whilst telling us how high the OPR could reach and can we achieve BNM GDP target for 2022.