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BNM rate cut: No big impact on margins seen

But analysts caution that further easing would hit banks' margins, earnings

The decision by Bank Negara Malaysia to reduce the Overnight Policy Rate to 3 per cent took most analysts by surprise

Kuala Lumpur

COMPARED to the previous steep cuts to the key lending rate of 150 basis points over a six-month period during the global financial crisis of 2008-09, the 25 basis points (bps) reduction announced on Wednesday is not expected to have a sizeable impact on the net interest...