KUALA LUMPUR: RHB Investment Bank Bhd has revised its Bank Negara overnight policy rate (OPR) forecast to 2.25% from 2% for 2022 with another 25-basis-points (bps) hike to arise in September’s Monetary Policy Committee meeting, Bernama reported.

       In a note, the bank said its end-2023 OPR forecast is also revised to 2.75% from 2.5%.

       “We are relatively more sanguine on the OPR path in 2022 to 2023 relative to consensus due to factors such as the global food and oil prices are likely to stabilise if not consolidate on a sustained basis in the second half of 2022.