The ringgit opened higher against the US dollar and other major currencies on Monday, in anticipation of Bank Negara Malaysia’s (BNM) decision on the overnight policy rate (OPR) on March 7.
The ringgit opened higher against the US dollar and other major currencies on Monday, in anticipation of Bank Negara Malaysia ’s (BNM) decision on the overnight policy rate (OPR) on March 7. Bank Muamalat Malaysia Bhd chief economist Afzanizam Rashid said the overnight policy rate (OPR) is likely to remain at 3.0%, and noted that the most important thing is the Monetary Policy Committee’s (MPC) latest assessment of the state of the economy.
“Between now and MPC dates, as well as the US Non-farm Payrolls (NFP) on Friday, market participants are likely to remain guarded,” he added.“Another important agenda would be China’s National People’s Congress (NPC) this week, as the markets want to see the country’s macro targets such as gross domestic product, inflation and fiscal deficits for 202
Ringgit Bank Negara Malaysia Decision Overnight Policy Rate Anticipation
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