Ringgit likely to be in tight range against greenback ahead of BNM annual report

KUALA LUMPUR, March 25 — The ringgit is likely to remain within a tight range against the US dollar next week ahead of Bank Negara Malaysia’s (BNM) annual report on March 29,...

KUALA LUMPUR, March 25 — The ringgit is likely to remain within a tight range against the US dollar next week ahead of Bank Negara Malaysia’s annual report on March 29, said an economist.

“We believe the case for a 25 bps hike in the overnight policy rate is still on the cards. We shall hear more next week from BNM when they unveil their annual report.The local currency ended the week lower against the US dollar on mild profit-taking after a sharp appreciation recently.

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