Bank Negara Malaysia Could Raise Rate to 3.0% in November
Dow Jones
Yesterday
0130 GMT - Malaysia's central bank could raise its policy rate by 25 bps to 3.0% at its November meeting, reflecting a more constructive growth outlook and heightened vigilance over inflation risks, UOB economists Julia Goh and Loke Siew Ting say in a note. Changes to its recent policy language suggest greater flexibility to normalize rates should external uncertainties ease and domestic conditions remain supportive, they say. Bank Negara Malaysia is expected to keep the OPR unchanged through 2027 thereafter, supported by resilient growth and benign inflation as well as a preference for policy stability ahead of the next general election, they add.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.