Tag: Bank Negara Malaysia
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BNM holds policy rate as Malaysia’s economy remains resilient
BNM signals a steady hand in a resilient economy Bank Negara Malaysia (BNM) appears set to leave the policy rate unchanged, a move that underscores the central bank’s assessment of a domestic economy that has withstood global shocks better than many peers. With inflation broadly tamed, growth stabilizing, and the ringgit strengthening, BNM has room…
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Ringgit Steady Ahead of Rate Decisions: MPC and Fed
Ringgit Opens Near Flat, Investors Watch for MPC and Fed Moves The ringgit opened almost flat against the U.S. dollar as investors braced for key rate decisions from Malaysia’s central bank and the Federal Reserve. While the local currency has been relatively quiet in early trading, analysts say it could be more reactive to guidance…
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Ringgit Steady Ahead of Domestic MPC and U.S. Rate Decisions
Ringgit Holds Steady Ahead of Key Rate Decisions The Malaysian ringgit opened the session nearly flat against the U.S. dollar as traders braced for important rate decisions from Bank Negara Malaysia (BNM) and the U.S. Federal Reserve. With the central bank’s Monetary Policy Committee (MPC) set to unveil its stance later in the week, market…
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Ringgit Steady vs US Dollar Ahead of Rate Decisions
Overview: Ringgit opens flat ahead of key rate decisions The Malaysian ringgit opened almost flat against the U.S. dollar as market participants awaited crucial rate decisions from both Bank Negara Malaysia (MPC) and the Federal Reserve. In early trades, traders were cautious, weighing the potential impact of monetary policy signals on regional currencies and asset…