Malaysia’s central bank is widely expected to maintain its benchmark interest rate at a record-low on Wednesday (May 11), continuing support for the nascent economic recovery before it shifts gears in the second half of the year.
RHB maintains GDP forecast at 5 5% this year thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
KUALA LUMPUR: RHB Banking Group has revised its forecast for Malaysia’s Gross Domestic Product (GDP) this year to 5.4 per cent from 6.3 per cent, reflecting a more conservative growth outlook amid the re-imposition of the Movement Control Order (MCO 2.0).
Thursday, 10 Dec 2020
RHB Banking Group chief economist and head of market research Sailesh Kumar Jha said the domestic capital market was resilient and the downgrade by Fitch would not really impact the debt market.
PETALING JAYA: The move by Fitch Ratings to downgrade Malaysia’s sovereign rating will not be followed by other global rating agencies and this will not derail the country as a safe haven for the capital market.
RHB Banking Group chief economist and head of market research Sailesh Kumar Jha said the domestic capital market was resilient and the downgrade by Fitch would not really impact the debt market.