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
AMD says its EPYC processors deliver superior rack-scale throughput for agentic AI workloads, enabling enterprises…
CIMB and China CITIC Bank have signed an LOI to enhance China-ASEAN financial connectivity, supporting…
EG Industries is accelerating beyond traditional EMS, leveraging AI networking demand, 1.6T development, network switches…
Sime Darby Property has introduced a RM1.25 billion fund aimed at investing in new economy…
Pos Malaysia has consolidated all its courier offerings under the Pos Laju brand to streamline…
Jati launches Jati Chom Chom, a rice puff snack, expanding into the snack market with…
This website uses cookies.
