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Prime Minister Najib Razak is expected to unveil a populist 2018 federal budget ahead of elections in August 2018. The budget is expected to keep the fiscal deficit on track, with the deficit forecast at 3% of GDP in 2017.
ING expects the ringgit to be among the top-performing Asian currencies in 2018.
A credible fiscal path supports the ringgit, which lowers the dollar cost of Malaysian imports such as feed ingredients. The impact on commodity prices is modest.
think.ing.comOct 23, 2017Not 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.
