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US Federal Reserves raises interest rate

The United States Federal Reserves on Wednesday (local time) raised its benchmark interest rate by 25 basis points,

US Federal Reserves raises interest rate, highest in 22 years

US Federal Reserves raises interest rate, highest in 22 years
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Kenanga expects Bank Negara to continue monetary tightening bias

KUALA LUMPUR: Bank Negara Malaysia (BNM) is likely to continue its monetary tightening bias until at least the first quarter of 2023, supported by the improvement in the Malaysian labour market and the country’s robust economic recovery, said Kenanga Investment Bank Bhd (Kenanga).

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