Ringgit opens lower on possible OPR cuts next week
At 9am, the local currency was lower at 4.1400/1430 compared with 4.1355/1385 at yesterday’s close. — Bernama pic
“With the Fed holding the interest rates, it indicates an economic slowdown. As for the ringgit, an OPR cut is possible to boost local consumer spending,” he said to Bernama. “We believe the economy should grow in the region of 4.2 per cent to 4.5 per cent in the first half of this year and gain momentum in 2H2019 by 4.8 per cent to 5.0 per cent. Our full-year GDP projection is at 4.5 per cent with the upside at 4.7 per cent,” it said.
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