OPR likely unchanged: Ringgit at 4.25 vs US dollar by year-end - Kenanga
==========
Bank Negara Malaysia (BNM) is expected to maintain the overnight policy rate (OPR) unchanged for the next 12 to 15 months due to subdued inflation and a stable economic outlook; Kenanga Investment Bank revised its year-end forecast for the ringgit to 4.25 against the US dollar from 4.42, citing favorable yield differentials and anticipated US Federal Reserve interest rate cuts; the market now expects two 25 basis point cuts by the Fed this year following strong US labor data in September; external risks such as geopolitical tensions and a potential US economic downturn remain concerns.
#BankNegaraMalaysia #Opr #Ringgit #Kenanga #UsDollar #EconomicOutlook #InterestRates #Inflation #GeopoliticalRisks #CurrencyForecast
https://www.nst.com.my/business/economy/2024/10/1116602/opr-likely-unchanged-ringgit-425-vs-us-dollar-year-end-kenanga
New Straits Times /
npub1da…x087j
2024-10-08 07:56:48
Author Public Key
npub1da9xhqetht0hvcwa6g5ftpl58zs3zymrtf6t69rfw66hr2uk6gnq9x087jPublished at
2024-10-08 07:56:48Event JSON
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"content": "OPR likely unchanged: Ringgit at 4.25 vs US dollar by year-end - Kenanga\n==========\n\nBank Negara Malaysia (BNM) is expected to maintain the overnight policy rate (OPR) unchanged for the next 12 to 15 months due to subdued inflation and a stable economic outlook; Kenanga Investment Bank revised its year-end forecast for the ringgit to 4.25 against the US dollar from 4.42, citing favorable yield differentials and anticipated US Federal Reserve interest rate cuts; the market now expects two 25 basis point cuts by the Fed this year following strong US labor data in September; external risks such as geopolitical tensions and a potential US economic downturn remain concerns.\n\n#BankNegaraMalaysia #Opr #Ringgit #Kenanga #UsDollar #EconomicOutlook #InterestRates #Inflation #GeopoliticalRisks #CurrencyForecast\n\nhttps://www.nst.com.my/business/economy/2024/10/1116602/opr-likely-unchanged-ringgit-425-vs-us-dollar-year-end-kenanga",
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