64211
Malaysia CB Standing Pat
Malaysia CB Standing Pat

Malaysia CB Standing Pat

Malaysia CB Standing Pat

Malaysia’s central bank is seen keeping its benchmark rate steady on Friday, taking comfort from a stabilizing economy and ringgit currency even as headline inflation hit an eight-year high in March, Reuters reported. Improving demand for crude oil and commodities has sparked much needed momentum in Southeast Asia’s third-largest economy, while measures to clamp down on offshore trade of the ringgit has helped stabilize the currency after a sharp slide against the dollar in early January. All 10 economists polled by Reuters forecast that Bank Negara Malaysia will hold its overnight rate steady at 3%.

Short URL : https://goo.gl/SrQML6
  1. https://goo.gl/dRznsb
  • https://goo.gl/EnJvtP
  • https://goo.gl/RfTSj0
  • https://goo.gl/CczUWB
  • https://goo.gl/Sba9E2

You can also read ...

The treasury department in Washington
Foreign governments pulled back their purchases of longer-term...
Brazil, India Corporate Debt at Risk of Default
A 200 basis-point increase in interest rates could spark a...
Shares of petrochemical companies in Asia slumped on Tuesday, tracking the global equity downturn overnight.
The trade dispute between the world’s two largest economies...
China Accuses Trump of Blackmail, Vows Strong Retaliation
China vowed to retaliate after President Donald Trump...
Six people including two former HBOS bankers were jailed last year.
An internal Lloyds Banking Group report written by a former...
Italy on Debt Reduction Path
Italy will try to reduce debt to preserve investors’...
BoK Hints at Rate Increase
Bank of Korea Gov. Lee Ju-yeol indicated Tuesday that the bank...
London Metals Cut Losses
London metals edged higher and Shanghai contracts cut early...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus