KUALA LUMPUR, Oct 8 — Bank Negara Malaysia is likely to keep the overnight policy rate (OPR) unchanged for the next 12 to 15 months, with inflation pressures subdued and the economic outlook stable, said Kenanga Investment Bank Bhd.
KUALA LUMPUR, Oct 3 — Malaysia's strong economic fundamentals are among the factors supporting the ringgit's growth, even during times of currency weakness, said Bank Negara Malaysia (BNM) Governor Datuk Seri Abdul Rasheed Ghaffour.
KUALA LUMPUR, Sept 27 — The overnight policy rate (OPR) is expected to remain at 3 per cent this year, with Malaysia’s producer price index (PPI) inflation moderating to 0.3 per cent year-on-year (y-o-y) in August from 1.3 per cent y-o-y in July.
KUALA LUMPUR, Sept 24 — The ringgit jumped against the US dollar at the close on Tuesday, reaching its highest level in 34 months after China unveiled a stimulus package aimed at revitalising its economy.
KUALA LUMPUR, Sept 19 — The ringgit has continued to strengthen against the US dollar, hitting a 28-month high versus the greenback after the United States (US) Federal Reserve (US Fed) kept to its words and delivered a 50-basis points interest rate cut last night.
KUALA LUMPUR, Sept 19 — Bank Negara Malaysia (BNM) is expected to hold the overnight policy rate (OPR) at 3.00 per cent despite another possible 50 basis points (bps) rate cut by the United States Federal Reserve (US Fed) this year, said Rakuten Trade Sdn Bhd’s head of research Kenny Yee.
KUALA LUMPUR, Sept 17 — The ringgit has appreciated by 7.86 per cent year-to-date, reaching another 20-month high against the US dollar as the markets approach the United States Federal Open Market Committee meeting.
KUALA LUMPUR, Sept 6 — The ringgit opened slightly higher against the US dollar on Friday after Bank Negara Malaysia (BNM) maintained the overnight policy rate (OPR) at 3.00 per cent, reflecting confidence in Malaysia’s economic growth prospects, said an analyst.
KUALA LUMPUR, Sept 5 — Bank Negara Malaysia’s (BNM) Monetary Policy Committee (MPC) has decided to maintain the overnight policy rate (OPR) at 3.00 per cent at its meeting today.
KUALA LUMPUR, Sept 5 — The ringgit opened firmer against the greenback on Thursday as the latest US jobs data pointed to slowing labour demand, suggesting the American economy is cooling and further strengthening expectations for an interest rate cut.
KUALA LUMPUR, Aug 16 — The ringgit is moving in the right direction as it reflects the nation’s economic fundamentals and strong prospects, said Bank Negara Malaysia (BNM).
KUALA LUMPUR, July 18 — As economic indicators continue to paint a promising picture, optimism surrounding the gross domestic product (GDP) growth has surged, with analysts believing that the economy could grow beyond the initial projections of 4.0 to 5.0 per cent this year.
KUALA LUMPUR, July 18 — Continuous foreign net inflows into the Malaysian equities market, along with the United States Federal Reserve (US Fed) interest rate cut optimism, are among the reasons that propped up the ringgit to touch a fresh six-month high against the greenback today.
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, 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, 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.
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