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Bank Negara Malaysia Governor Abdul Rasheed Ghaffour said the 3% policy rate is slightly accommodative and that the ringgit should recover once developed-market central banks finish raising rates. The ringgit strengthened more than 2% in November after it had slumped to near 4.8 per dollar in October.
Expectations of a stable domestic rate and a currency recovery signal that Malaysian import costs may ease, which is a modest factor for palm oil and other dollar-priced feed inputs.
businesstimes.com.sgDec 1, 2023Not 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.
