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Star online news latest malaysia today - Ringgit slightly lower against US$ ahead of OPR decision



Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said market players would react to BNM's Monetary Policy Committee MPC meeting's latest assessment on the economy, especially on the overnight policy rate OPR.



Meanwhile, the ringgit was traded mostly higher against a basket of major currencies.



However, it declined vis-a-vis the British pound to 5.




Ringgit slightly lower against US$ ahead of OPR decision













Ringgit slightly lower against US$ ahead of OPR decision


While the case for higher OPR is building up, Mohd Afzanizam expects BNM may just want to keep it steady as inflationary pressures are still within their tolerance level..

The local note rose versus the Japanese yen to 3.

.


Ringgit slightly lower against US$ ahead of OPR decision





Description: Meanwhile, the ringgit was traded mostly higher against a basket of major currencies.

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While the case for higher OPR is building up, Mohd Afzanizam expects BNM may just want to keep it steady as inflationary pressures are still within their tolerance level.
While the case for higher OPR is building up, Mohd Afzanizam expects BNM may just want to keep it steady as inflationary pressures are still within their tolerance level.
Bank Islam Malaysia Bhd chief economist Mohd Afzanizam Abdul Rashid said market players would react to BNM's Monetary Policy Committee MPC meeting's latest assessment on the economy, especially on the overnight policy rate OPR.

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