Page 28 - Ringgit News Today

Anwar Ibrahim says local, regional currencies’ developments driven by external factors.

The ringgit is expected to strengthen further this week between the range of RM4.72 and RM4.73 against the US dollar, said Bank Muamalat Malaysia Bhd's chief economist and head of social finance Dr Mohd Afzanizam Abdul Rashid.

KUALA LUMPUR: The ringgit opened marginally higher against the US dollar on the last trading day of the week, as several major central banks took a break from raising interest rates this week.

This comes as major central banks pause rate hikes.

Local note opens higher at 4.7520/7570 against the greenback.

SINGAPORE -- Malaysia's central bank on Thursday kept its benchmark interest rate unchanged at 3.0% despite a falling local currency that is putting i

KUALA LUMPUR: The ringgit closed higher against the greenback on Thursday, rebounding after two days of decline, as Bank Negara Malaysia (BNM) decided to keep the overnight policy rate (OPR) at three per cent.

SINGAPORE -- Malaysia's central bank on Thursday kept its benchmark interest rate unchanged at 3.0% despite a falling local currency that is putting i

Despite the “cautious” outlook for Carlsberg Brewery Malaysia Bhd, analysts expect consumer spending to remain strong due to the tight labour market and accommodative interest rate environment.

In an effort to remain supportive of the economy moving into 2024, Bank Negara has decided to keep its overnight policy rate (OPR) unchanged at 3%.