PETALING JAYA: Bank Negara Malaysia appears to have turned more cautious on the country’s economic outlook following its decision to slash the benchmark interest rate to the lowest level in nearly a decade. The central bank’s Monetary Policy Committee announced the reduction of the Overnight Policy Rate (OPR) to 2.5% from 2.75% earlier. The ceiling […]
Read MoreKUALA LUMPUR: The ringgit opened slightly higher against the US dollar amid growing expectations that Bank Negara Malaysia (BNM) and the US Federal Reserve would cut interest rates soon. The local note stood at 4.2100/2150 against the greenback from 4.2120/2180 recorded at 6 pm Friday. AxiCorp chief market strategist Stephen Innes said BNM could cut […]
Read MoreKUALA LUMPUR: AmInvestment Research has described the 2020 Economic Stimulus Package, launched by interim Prime Minister Tun Dr Mahathir Mohamad as a soothing balm to the rakyat, businesses and the economy as a whole, that have been affected by the recent Covid-19 outbreak. In its research note issued on Friday, it said the global epidemic […]
Read MoreMALAYSIA, in the grip of a political leadership battle, announced a package of measures to counter the coronavirus outbreak, which is set to weaken economic growth this year. Interim Prime Minister Mahathir Mohamad said on Thursday the government will dedicate RM20 billion (S$6.6 billion) to support businesses affected by the virus, particularly in the tourism […]
Read MoreKUALA LUMPUR: CGS-CIMB Equities Research expects Bank Negara Malaysia’s monetary policy committee to ease monetary conditions to support economic growth, with a 25bp Overnight Policy Rate (OPR) cut on March 3. It said on Friday the economic outlook has been significantly affected by the Covid-19, supply-side shocks and renewed domestic political uncertainty. The RM20bil stimulus […]
Read MorePETALING JAYA: The downside risks to Malaysia’s long-term growth prospects are rising as a result of political uncertainty and increasing polarisation, said Fitch Solutions. The research house said it will be revisiting its long-term outlook for the Malaysian economy over the coming weeks, given that the political instability was shaping up to be more than […]
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