tags - Sinar Daily

BNM is expected to lift its Overnight Policy Rate (OPR) by 25 basis points (bps) to 2.25 per cent.

Chief executive officer Datuk Seri Amir Hamzah Azizan says inflationary concerns, supply chain disruptions and tightening of monetary policy by major central banks are likely to continue to dampen both the equity and bond markets.

Moody’s Analytics says runaway inflation or decrease in value of money and increase in cost of living are at the heart of monetary tightening moves, while Russia’s invasion of Ukraine is smashing the global economy’s already snarled supply chains.

The local currency slipped to 4.4220/4245 versus the greenback from Monday's close of 4.4170/4185. - Photo: SINAR DAILY

Illustration photo. Source: Sinar Harian

Tun Dr Mahathir Mohamad further ask Bank Negara for possible solutions as Ringgit slides further.

Photo for illustration purpose only - Source: 123rf

Finance Minister Tengku Zafrul Aziz says failure to meet debt obligations was a major risk for countries in the event of a global recession but it was not a risk for Malaysia.

MIDF Research expects the macroeconomic outlook to improve further from the second quarter of 2022 onwards. (Picture source: Sinar Harian)