The Monetary Policy Committee of the Bank Negara Malaysia (BNM) will meet on 6 – 7 March to decide on monetary policy.
Octa’s experts expect that the interest rate will be unchanged at 3.00% and that the accompanying rhetoric will significantly impact the ringgit.
The January inflation figures, together with weaker real GDP growth, show that Bank Negara Malaysia will likely continue keeping the overnight policy interest rate stable at 3.00%. Policymakers have stepped up their rhetoric to contain the fall of local currency.
The policy statements had a positive effect on the ringgit. The interest rate gap to the Fed Funds rate of 250 basis points is prompting foreign investors to withdraw capital from the domestic market.
If the Monetary Policy Committee leaves the rate unchanged, the USDMYR might decline to the critical support level of 4.6000–4.6200 in the short term.
Read More from Business News
Cover Photo: Canva
The World Bank supports Malaysia's digital government agenda to enhance efficiency and public service delivery…
The opening ceremony witnessed the presence of senior representatives from diplomatic missions, government agencies, trade…
Malaysian businesses prepare for US-Iran tensions by strengthening risk strategies to ensure stability amid potential…
The US will impose 10% to 12.5% tariffs on 60 trading partners over forced labor…
KIPREIT posts record FY26, strong outlook with Setapak Central acquisition, AEIs, and rental reversions supporting…
Analysts expect cautious trading in KLCI today due to Wall Street declines, new tariffs, and…
This website uses cookies.
