Thursday, September 8, 2011

BNM Watch: OPR To Stay On Hold

I’ve said what I wanted to say on this subject yesterday, but in case anyone missed it, I agree with the consensus – the Monetary Policy Committee won’t increase interest rates at today’s meeting. Also this time, the Stat Reserve Ratio is likely to stay on hold too, though for a different reason – seasonally adjusted growth in M2 crashed in July on a month on month basis:


A lot may change between now and the next meeting on November 11, but if I had to bet I’d put my money on BNM staying pat in that meeting too.

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