Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid expects Bank Negara Malaysia to cut its Overnight Policy Rate (OPR) from 3 percent to 2.75 percent at its meeting this Thursday, citing the negative impact of recent US tariffs on Malaysia’s export sector, particularly since the US is one of the country’s main trading partners; as a result of these tariffs, Bank Muamalat has also revised its forecast for Malaysia’s gross domestic product growth this year from 4.7 percent to 4.1 percent
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