KUALA LUMPUR, March 4 — Investors are expected to become more cautious next week as bets about Bank Negara Malaysia’s (BNM) Overnight Policy Rate (OPR) will be in focus ahead...
KUALA LUMPUR, March 4 — Investors are expected to become more cautious next week as bets about Bank Negara Malaysia’s Overnight Policy Rate will be in focus ahead of the Monetary Policy Committee’s second meeting for the year scheduled on March 8 and 9.
“In relation to this, the release of the 2022 BNM Annual Report later this month could provide more dynamic in economic and inflation assessments. Against this backdrop, we maintain our call for another 25 basis points increase, bringing the OPR back to the pre-pandemic level of 3.00 per cent. China’s National People’s Congress and the Chinese People’s Political Consultative Conference began today.
At home, the manufacturing sector continued to contract in February at a slightly slower rate, with a PMI score of 48.4 from 46.5 in January.S&P Global revealed the improvement in output and new orders in February prompted a near-stabilisation of purchasing activity and the maintenance of workforce numbers.
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