Malaysia: BNM expected to hike rates later this week – UOB By pabspiovano Malaysia CentralBanks InterestRate Banks
Economist at UOB Group Lee Sue Ann suggests the Bank Negara Malaysia would hike the policy rate by 25 bps at its event later this week.“BNM has signalled a more positive view on Malaysia’s economy amid signs of firmer economic growth which is supported by the easing of restrictions and reopening of international borders. This is why we think there is room for BNM to follow-through with another 25bps rate hike at both the Jul and Sep meetings.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Samsung beats TSMC to production of 3nm chipsTSMC’s is expected to follow later this year.
Read more »
People Voice Safety Concerns Over 4th of July Weekend in San DiegoThe expected increased crowd size over the holiday weekend comes only one week after a shooting left two bystanders who were visiting San Diego shot near 5th Avenue and F Street.
Read more »
Hot, sunny July 4 to be followed by week of sporadic stormsClear weather is expected for the Harrisburg region Sunday and Monday, followed by a week of occasional thunderstorms and continuing heat.
Read more »
Jerome Powell is the worst Federal Reserve policy maker in my lifetimeOPINION: By succumbing to market expectations of fast rate hikes, the Federal Reserve will create the very recession that the bear market in equities already anticipates, investment banker Joachim Klement writes.
Read more »