As We Expected BNM Will Not Raise Rates

Posted on by BluePhoenixFinancials
🇲🇾 🇲🇾 As We Expected #BNM #Will #Not #Raise #Rates: On 15 May We Predicted That Bank Negara Would Not Raise Interest Rates Aggressively. Watch Video: https://bit.ly/3weXAEb
Latest: BNM says not to be aggressive with OPR
Malaysia’s monetary policy will remain unaggressive in future, with adjustments based on the economic growth and inflation, according to Bank Negara Malaysia (BNM) deputy governor Datuk Abdul Rasheed Ghaffour
“In terms of timeline and the level of extent of [the] adjustments itself, what is important is [that] we will not need to be aggressive
“We are not in the same situation as we see in the advanced economies in terms of inflation rate and strength of demand,” he said during Invest ASEAN 2022 hosted by Malayan Banking Bhd (Maybank) on Wednesday (June 😎
Note: BNM’s Monetary Policy Committee on May 11 raised the OPR by 25 basis points to 2% from a record low of 1.75%

Published by BluePhoenixFinancials

Blue Phoenix Financials Is The World’s First Algo Driven Website That Is Powered By A Proprietary Algorithm And Made Available To Private Clients As Well As For Retail Investors

Leave a Reply

Fill in your details below or click an icon to log in:

Gravatar
WordPress.com Logo

You are commenting using your WordPress.com account. ( Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. ( Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. ( Log Out /  Change )

Cancel

Connecting to %s