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Raising OPR not the right move in PM's view, says Fahmi

PUTRAJAYA: Amid calls for the overnight policy rate (OPR) to be raised, the Prime Minister believes that increasing it to strengthen the ringgit’s value will not help the people, says Fahmi Fadzil. ....

Fahmi Fadzil , Amir Hamzah , Amir Hamzah Azizan , Anwar Ibrahim , Us Federal Open Market Committee , Statistics Department , Bank Negara , Prime Minister , Datuk Seri Anwar Ibrahim , Finance Minister , Seri Amir Hamzah Azizan , Open Market Committee , Bursa Malaysia , Overnight Policy Rate , Government Spokesman ,

Malaysia's central bank sees 'positive' economy in 2024 despite ringgit's drop to 26-year low

Malaysia’s 2024 economic growth will be driven by higher external demand and strong domestic spending, on expectations of accelerated global trade, the bank says. ....

Anwar Ibrahim , International Monetary Fund , International Monetary , Minister Anwar Ibrahim , Bank Negara Malaysia , Asian Financial Crisis ,

Ringgit ends slightly higher versus US dollar and basket of major currencies

KUALA LUMPUR: The ringgit ended slightly higher against the US dollar on Wednesday, although the greenback had strengthened as investors focused on the upcoming release of the US Federal Open Market Committee’s (FOMC) meeting minutes, an economist said. ....

Kuala Lumpur , United Kingdom , Mohd Afzanizam Abdul Rashid , Bank Muamalat Malaysia Bhd , Us Federal Open Market Committee , Bank Negara Malaysia , Open Market Committee , Muamalat Malaysia Bhd , Us Dollar ,

Ringgit opens easier against US$

KUALA LUMPUR: The ringgit opened easier against the US dollar as the greenback remained steady despite a slight retracement on the back of subdued US yields and ahead of the release of the US Federal Open Market Committee (FOMC) meeting minutes later today, said an economist.  ....

Kuala Lumpur , United Kingdom , Mohd Afzanizam Abdul Rashid , Bank Negara Malaysia , Federal Reserve , Bank Muamalat Malaysia Bhd , Us Federal Open Market Committee , Open Market Committee , Muamalat Malaysia Bhd , Thai Prime Minister , Loan Prime Rate , Us Dollar ,

Ringgit to recover in value due to ongoing structural reforms, says economist

KUALA LUMPUR: Bank Muamalat Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said the value of the ringgit should be better than what it is now due to the government’s ongoing structural reforms. ....

United States , Kuala Lumpur , Mohd Afzanizam Abdul Rashid , Stephen Innes , Mohd Afzanizam , Datuk Abdul Rasheed Ghaffour , Bank Muamalat Malaysia Bhd , Bank Negara Malaysia , Public Finance , Fiscal Responsibility Act , United States Federal Reserve , Abdul Rasheed Ghaffour , Spi Asset Management ,