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AMMB Holdings said it expects its net interest margin to expand in the April to June quarter after falling 28 basis points to 1.79% in FY2024. Management also projected the ringgit would strengthen to 4.5 to 4.6 per dollar this year, supported by expected US rate cuts and a regional tech-driven upcycle.
This is a bank earnings outlook with little direct link to feed commodity prices; the ringgit forecast is the only element relevant to dollar-priced imports.
theedgemalaysia.comMay 27, 2024Not 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.
