Page 3 - Milo Gunasinghe News Today

KUALA LUMPUR (Jan 20): All banks, except for one, were in the green today prior to an impending announcement this afternoon on the outcome of the Monetary Policy Committee (MPC) meeting. At lunch break today, Malayan Banking Bhd was up 1.36% or 11 sen at RM8.21, Public Bank Bhd increased 2.97% or 62 sen to RM21.52, CIMB Group Holdings Bhd was 0.5% or two sen higher at RM4.02, while RHB Bank Bhd was up 0.95% or 0.5 sen at RM5.29. Hong Leong Bank Bhd increased 0.57% or 10 sen to RM17.54, AMMB Ho...

KUALA LUMPUR (Jan 19): Economists see less pressure for Bank Negara Malaysia (BNM) to cut its overnight policy rate (OPR) at the Monetary Policy Committee (MPC) meeting tomorrow — its first for the year, following the announcement on the RM15 billion Perlindungan Ekonomi dan Rakyat Malaysia (PERMAI) assistance package by the government yesterday.   JP Morgan economist Milo Gunasinghe said in a note today that while the risk of a cut has increased, he expects the central bank to remain on h...