Malaysian Ringgit Supported by BNM's Hawkish Tilt

Commerzbank··MY·Read original
2▲1 ▼1Impact / 5
Summary · why it matters

Commerzbank reports that Bank Negara Malaysia's hawkish shift is supporting the Malaysian ringgit, as the central bank held its overnight policy rate at 2.75% while dropping language that policy is "appropriate" and signaling vigilance on cost pressures.

Impact on assets 3

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