KUALA LUMPUR, July 31 — Malaysia’s official reserve assets amounted to US$113.82 billion while other foreign currency assets stood at US$513.40 million as of the end of June, said Bank Negara Malaysia (BNM).

KUALA LUMPUR, July 12 — MIDF Amanah Investment Bank Bhd believes the stabilisation of core inflation and the challenging external environment may influence Bank Negara Malaysia (BNM) to keep the overnight policy rate (OPR) at the current rate of 3.00 per cent throughout 2024.

KUALA LUMPUR, July 11 — Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) has decided to maintain the Overnight Policy Rate (OPR) at 3.00 per cent during its meeting today.

KUALA LUMPUR, July 11 — Global real estate technology group Juwai IQI expects Bank Negara Malaysia (BNM) to keep the overnight policy rate (OPR) unchanged at three per cent in its monetary policy meeting later today to "avoid surprising the market".

KUALA LUMPUR, July 11 — The ringgit has strengthened against the US dollar in the early trade today, buoyed by expectations of a global interest rate cut, which has been dampening sentiment towards the greenback.

KUALA LUMPUR, July 10 — The ringgit was slightly higher against the United States (US) dollar in early trade today while steady demand continued to provide support for the greenback.

KUALA LUMPUR, July 5 — Bank Negara Malaysia’s (BNM) international reserves amounted to US$113.8 billion (RM535.88 billion) as of June 28, compared with US$114.1 billion as of June 14.

KUALA LUMPUR, June 28 — Bank Negara Malaysia’s (BNM) Financial Markets Committee (FMC) said the ringgit “does not reflect Malaysia’s strong macroeconomic fundamentals, such as robust gross domestic product (GDP) growth and moderate inflation".

KUALA LUMPUR, June 25 — The ringgit ended higher against the US dollar today as a higher-than-expected Consumer Price Index (CPI) print for May suggests that Bank Negara Malaysia (BNM) may keep the Overnight Policy Rate (OPR) steady, supporting the local currency.

KUALA LUMPUR, June 20 — RHB Investment Bank Bhd has upheld its projection for Malaysia’s gross domestic product (GDP) growth and inflation rate in 2024, forecasting 4.6 per cent year-on-year (y-o-y) and 3.3 per cent y-o-y, respectively.

KUALA LUMPUR, June 12 — The shift from blanket subsidies, including for diesel, towards better-targeted support to the needy ought to be welcomed as a positive step towards more equitable and sustainable policies while building fiscal policy space, said Bank Negara Malaysia (BNM) governor Datuk Abdul Rasheed Ghaffour.

KUALA LUMPUR, June 12 — Bank Negara Malaysia (BNM) is looking into various other measures and initiatives that could be undertaken to ensure the ringgit remains stable and supported, including engaging corporate companies to bring back their returns into the market.

KUALA LUMPUR, June 11 — The ringgit has a strong potential to appreciate to 4.42 against the US dollar by year-end.

KUALA LUMPUR, June 10 — Bank Negara Malaysia’s (BNM) international reserves amounted to US$113.6 billion as of May 31.

KUALA LUMPUR, May 31 — Bank Negara Malaysia (BNM) has announced the appointment of Mohamad Ali Iqbal Abdul Khalid as a new assistant governor, effective tomorrow.

KUALA LUMPUR, May 26 — The ringgit has recorded the best performance against the US dollar as of mid-May 2024 among 10 regional currencies following the Madani government’s integrated action to promote inflows into the foreign exchange (forex) market over the past three months.

KUALA LUMPUR, May 17 — The ringgit closed slightly lower on Friday against the US dollar on profit-taking following recent gains.

KUALA LUMPUR, May 17 — MIDF Research has maintained its 2024 gross domestic product (GDP) growth forecast at 4.7 per cent, as positive growth momentum is expected to continue in the coming quarters.

KUALA LUMPUR, May 17 — Malaysia’s economy remains fundamentally strong despite concerns over rising living costs and the weakening ringgit, largely driven by consumer spending, the tech upcycle, and increased revenue from the travel and tourism industry.

KUALA LUMPUR, May 17 — Bank Negara Malaysia’s (BNM) initiatives have helped cushion the pressure on the ringgit, resulting in the local currency appreciating by 0.5 per cent on a nominal effective exchange rate (NEER) basis.