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Currency traders are weighing a 25 basis point Bank Negara rate cut within 12 months, while consensus still expects the overnight policy rate to hold at 3%. Foreign portfolio outflows widened to RM3.3 billion in February.
UOB forecasts the ringgit weakening to 4.55 in the second quarter and 4.65 in the third quarter.
Expected ringgit weakness and capital outflows could lower the dollar cost of Malaysian palm oil, a factor for feed fat pricing.
theedgemalaysia.comThe Edge MalaysiaApr 1, 2025Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
