http://www.btimes.com.my/articles/20111122152609/Article/

MIER sees key rates at 3pc till 2012

Read more: MIER sees key rates at 3pc till 2012 http://www.btimes.com.my/articles/20111122152609/Article/#ixzz1l0T7TQLq

The Malaysian Institute of Economic Research (MIER) expects the overnight policy rate (OPR) to be maintained at 3.00 per cent until 2012, with a downward bias should domestic demand wane, its executive director, Dr Zakariah Abdul Rashid said.

"The OPR will be maintained at that level because Bank Negara Malaysia's policy is more to accommodate growth and not much of inflationary pressure," he told reporters on the sidelines of the MIER National Economic Outlook Conference 2012-2013 today.

He said while rising inflation is worrying and still a cause of concern, the downside risks to economic growth in the country, have further strengthened due to uncertainties in the global economy as well as volatile financial markets.

"In view of this, it is highly likely that Bank Negara will maintain the OPR at 3.00 per cent until economic conditions improve," Zakariah added. -Bernama

Read more: MIER sees key rates at 3pc till 2012 http://www.btimes.com.my/articles/20111122152609/Article/#ixzz1l0TcOdwT