KUALA LUMPUR: AmBank Economic Research is forecasting the ringgit to appreciate further to around RM4.5 by the year-end against the US dollar due to a combination of factors, including the potential narrowing interest rate differentials between the currencies which is more beneficial to the local unit.
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With inflation expected to have peaked and global growth becoming weaker, Bank Negara decided to keep interest rates unchanged when its Monetary Policy Committee kept the overnight policy rate (OPR) at 3%.
KUALA LUMPUR, Aug 25 MIDF Research has maintained Malaysia’s Consumer Price Index (CPI) forecast at 3.0 per cent for 2023, despite the latest July data that it has cooled to.
Signs are pointing to a lower gross domestic product (GDP) number for the second quarter of this year (2Q23) but the economy is expected to be supported by domestic consumption, according to economists.