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Analysts expect the Fed to hold its 0.75-1.00% rate range at its 3 May meeting, after a 25bp hike in March. Kenanga puts the implied odds of a May hike at 13.3%.
They expect Bank Negara to keep its Overnight Policy Rate unchanged, with policy uncertainty clouding the US fiscal outlook.
A steady Fed and BNM rate path limits pressure on the ringgit and keeps Malaysian borrowing costs stable. This has little direct effect on feed commodity prices.
theborneopost.comJustApr 19, 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.
