Loading…
Bank Negara Malaysia raised its overnight policy rate by 25 basis points to 2% on May 11 to contain inflation. The ringgit rallied intraday on the move, after having hit a two-year low of 4.3850 against the dollar earlier that week.
Higher Malaysian rates can support the ringgit and reduce import costs in local terms, though the move was small and the currency's direction depends largely on the Fed.
my.nda.newsThe Edge Markets MY, The Star Online, New Straits Times, Malay Mail, MalaysiakiniMay 12, 2022Not 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.
