MIDF: Overnight Policy Rate to remain at 3.0pc for 2019
The logo of Bank Negara Malaysia is seen at its headquarters in Kuala Lumpur March 12, 2019. — Picture by Yusof Mat Isa
“Additionally, the US Federal Reserve confirmed their position to maintain the current funds rate till end-2019,” it said in a research note today. MIDF said external trade performance was recovering as both March’s exports and imports rebounded strongly at 26.2 per cent and 25.4 per cent, respectively.
Hence, MIDF Research sees exports and imports increasing 3.6 per cent and 3.0 per cent, respectively, in 2019, looking at the positive cues from trade performance with regional partners in April.
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