Breaking News - Mixed views over key rate

THE market remains divided if Bank Negara Malaysia (BNM) will maintain borrowing costs at the current level in view of the stellar growth performance in the last quarter of 2009 and strong economic growth prospects in the current year.

A Business Times poll of research houses in Malaysia and Singapore showed that 55 per cent of the 21 houses polled were expecting a 25 basis points hike when the central bank's Monetary Policy Committee meets today to discuss the Overnight Policy Rate (OPR), the benchmark interest rate which determines lending rates by banks