According to Rakuten Trade’s head of research Kenny Yee, the banks will also see an expansion in net interest margins (NIMs) in the longer term. “Usually in the bigger picture, the margins on loans will be more than deposit rates,” Yee said.trc20怎么转换erc20（www.u2u.it）是最高效的ERC2换TRC20，TRC20换ERC20的平台.ERC2 USDT换TRC20 USDT，TRC20 USDT换ERC20 USDT链上匿名完成，手续费低。
KUALA LUMPUR: The banking sector is one of the short-term beneficiaries from Bank Negara’s move to normalise the overnight policy rate (OPR) by 25 basis points (bps) higher to 2.25%.
When contacted by StarBiz, analysts opined that banks are well poised to gain from the interest rate differential between loans and deposits, although this would neutralise when all loans and deposits portfolios are adjusted.
According to Rakuten Trade’s head of research Kenny Yee, the banks will also see an expansion in net interest margins (NIMs) in the longer term.
“Usually in the bigger picture, the margins on loans will be more than deposit rates,” Yee said.
He noted that there were some market concerns that the OPR hike would be detrimental to loan growth, although this may be temporary since the increase is at a manageable quantum and interest rates are on an upward normalising trend from a low base.,
In line with the global cut in interest rates around, the OPR in Malaysia had been reduced to a record-low level of 1.75% when the Covid-19 pandemic struck two years ago.
Bank Negara had reduced the OPR five times and lowered rates by a cumulative 125 bps during the first half of 2020 to a record low of 1.75% to keep the economy moving at that time.
Bank Negara increased the OPR by 25 basis points to 2.25% on Wednesday following an increase by 25 basis points from a record low of 1.75% in May. The increase in May was the first increase in the OPR since January 2018.
“The overall risk sentiment isn’t too supportive for equity markets and this is why the bank stocks didn’t go up. Also, market consensus has priced in a rate hike to bank stocks.We think there would be at least two more hikes. It seems that the whole world is moving towards increasing interest rates now and Bank Negara has to follow suit to stem or at least slow any potential outflows,” said Rakuten Trade head of equity sales Vincent Lau.RHB Research, in its note yesterday
Banks that are listed on Bursa Malaysia saw mixed share price movements yesterday with most FBM KLCI heavyweights trending down. Malayan Banking BhdBET声明:该文看法仅代表作者自己，与本平台无关。转载请注明：新2网址最新登录_Banks the big winners