Malaysia: BNM expected to keep rates on hold this week – UOB

UOB Group’s Economist Lee Sue Ann suggests the Bank Negara Malaysia (BNM) would leave the policy rate unchanged at 1.75% at its meeting on Thursday.

Key Quotes

“With additional fiscal aids to cushion the impact of full lockdown, we expect BNM to monitor the fluid situation.”

“Resumption of rate cuts may be tough in an environment of higher inflation expectations and other central banks maintaining status quo.”

Articles You May Like

You would be hard-pressed to find a better four-month run in US stocks, ever
Yen Maintain Gains But Faces Momentum Hurdle, Dollar Indifferent to Weak Durable Goods
Gold rebounds as US dollar, yields slip with eyes on Fed guidance
Gold rallies finishing with weekly gains, ahead of US NFP data
Jamie Dimon is ‘cautious about everything’ as he sees risks to a soft landing

Leave a Reply

Your email address will not be published. Required fields are marked *