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ING expects Bank Negara Malaysia to hold its overnight policy rate at 3.25 per cent at its July 11 meeting, the first under new governor Nor Shamsiah Mohd Yunus. ING doubts the central bank will adopt a dovish stance that could jeopardise the ringgit's status as a top-performing Asian currency.
A steady rate stance supports the ringgit, which keeps imported feed costs for Malaysian buyers more stable, though trade-driven growth risks could shift policy later.
think.ing.comJul 10, 2018Not 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.
