tags - Sinar Daily

BNM says the balance of risk to the inflation outlook is tilted to the upside and remained highly subject to any changes to domestic policy, including subsidies and price controls, financial market developments, and global commodity prices.

The IMF projection came as the growth of Vietnam's gross domestic product is expected to reach 5.8 per cent in 2023 and accelerate to 6.9 per cent in 2024

World Bank Group President David Malpass

Bank Negara Malaysia will continue with its engagements with key stakeholders in navigating Malaysia’s economic transition towards a decarbonised future.

Slack in the labour market -- shortfall in demand for labour, relative to the supply of available workers in the economy -- is expected to reduce further as well supported by continued strength in the employment recovery momentum, it said in its Economic & Monetary Review 2022 report.

Kenanga Research foresees that Bank Negara Malaysia has reached the end of its monetary tightening cycle and will keep the OPR unchanged at 2.75 per cent for the rest of the year.

The ministry said this is on the back of strong investors’ demand for government securities, supported by sufficient domestic market liquidity of around RM158.7 billion.

The ringgit was traded slightly lower against the US dollar in the early session today as some investors took advantage of the weaker greenback, dealers said.

The ringgit has extended its uptrend against the US dollar this morning in anticipation of softer interest rate hikes in the US, after the latest US inflation data showed a declining trend.

Recent OPR hikes have caused monthly housing installments to rise