KUALA LUMPUR, July 7 — Research firms expects Bank Negara Malaysia (BNM) to keep the overnight policy rate (OPR) unchanged at 3.0 per cent for the rest of 2023.

KUALA LUMPUR, July 7 — Bursa Malaysia opened lower today following Wall Street’s negative performance overnight as traders expect a higher United States non-farm payrolls data for June, which will increase the possibility of the US Federal Reserve (Fed) hiking rates.

KUALA LUMPUR, July 6 — Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 3.0 per cent today is in line with market expectations, according to MIDF Research.

KUALA LUMPUR, July 6 — The ringgit ended lower against the US dollar on Thursday after the greenback strengthened following the latest minutes from the Federal Reserve's (Fed) meeting indicating a possible interest rate hike in the United States (US).

KUALA LUMPUR, July 6 — The decision to maintain the Overnight Policy Rate (OPR) at 3.0 per cent is in line with the global economic development and the inflation rate in Malaysia which shows a declining trend and remains stable.

KUALA LUMPUR, July 6 — MIDF Research believes Bank Negara Malaysia (BNM) will consider another 25 basis points (bps) rate hike in the second half of 2023 (2H 2023) following the stronger-than-expected domestic economy.

KUALA LUMPUR, July 6 — OCBC Treasury Research expects Bank Negara Malaysia (BNM) to keep the Overnight Policy Rate (OPR) on hold for the rest of this year, after maintaining the rate status quo at 3.0 per cent today.

KUALA LUMPUR, July 6 — Economists have foreseen Malaysia's economic growth to moderate in the second half due to challenging external risks, reported Xinhua.

KUALA LUMPUR, July 6 — Bank Negara Malaysia (BNM) said keeping the overnight policy rate (OPR) level at 3.0 per cent is commensurate with the health of the economy, with financing remaining available amidst sustained credit growth.

KUALA LUMPUR, July 6 — The government is committed to driving the oil palm industry’s sustainability and capping the size of oil palm cultivation areas in the country, said Deputy Prime Minister Datuk Seri Fadillah Yusof.

KUALA LUMPUR, July 6 — Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) has decided during today’s meeting to maintain the Overnight Policy Rate (OPR) at 3.00 per cent.

KUALA LUMPUR, July 6 — Malaysia’s e-commerce income by establishment rose 10.4 per cent year-on-year (y-o-y) to RM291.7 billion in the first quarter (1Q) of 2023, primarily driven by the manufacturing and services sectors, said the Department of Statistics Malaysia (DOSM).

KUALA LUMPUR, July 6 — The ringgit is far more sensitive to the movement of commodity prices than its Asian peers, said Employees Provident Fund chief strategy officer Nurhisham Hussein.

KUALA LUMPUR, July 6 — The ringgit opened lower against the US dollar this morning as the greenback strengthened following the US Federal Open Market Committee (FOMC) minutes which showed that the Federal Reserve (Fed) is committed to raising interest rates after the pause in June, said an economist.

KUALA LUMPUR, July 5 — The ringgit trimmed earlier gains to end almost flat against the US dollar on Wednesday amid cautious sentiment ahead of Bank Negara Malaysia's (BNM) decision on the overnight policy rate (OPR), due on Thursday (July 6).

KUALA LUMPUR, June 5 — The ringgit opened higher against the US dollar and other major currencies this morning, in anticipation of Bank Negara Malaysia's (BNM) decision on the overnight policy rate (OPR).

KUALA LUMPUR, July 4 — The government will discuss the current state of the national economic development at the next National Economic Action Council (MTEN) meeting on Monday (July 10).

KUALA LUMPUR, July 4 — Analysts foresee Malaysia's oil and gas sector to remain resilient in the second half of 2023, underpinned by steady oil prices.

KUALA LUMPUR, July 4 — OCBC Bank expects Bank Negara Malaysia (BNM) to keep its overnight policy rate (OPR) unchanged at three per cent at the Monetary Policy Committee (MPC) meeting on Thursday (July 6), amid slowing growth momentum and easing inflationary pressures.

KUALA LUMPUR, July 4 — Malaysian economists said the potential influx of Chinese tourists will boost the local sector, reported Xinhua.