# Fed likely to maintain rate in May meet, BNM’s OPR may stay pat | Borneo Post Online

> 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.

- Date: 2017-04-19 · published 2017-04-19T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/71758-fed-likely-to-maintain-rate-in-may-meet-bnm-s-opr-may-stay-pat-borneo-post
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

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.

## Read by commodity

- USDMYR: neutral

## Sources

- theborneopost.com: https://www.theborneopost.com/2017/04/19/fed-likely-to-maintain-rate-this-year-bnms-opr-may-stay-pat/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.