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Deutsche Bank Asia-Pacific chief economist Michael Spencer expects Malaysia's economy to perform well in 2018, with growth above 5% through 2019. He said the ringgit could soon reach 3.80 per US dollar.
He also expects Bank Negara to raise rates twice over the next 12 months.
A forecast of a firmer ringgit and further rate hikes would lower the local cost of dollar-priced feed and energy imports. The outlook is an analyst view rather than a new supply or demand shock.
freemalaysiatoday.comBernamaFeb 7, 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.
