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KUALA LUMPUR, Jan 17 — HSBC Group believes the undervalued ringgit will recover in 2022 as Malaysia’s economy emerges from a ‘double-dip’ recession despite a lot of uncertainties. Asian economics research co-head Frederic Neumann said even though the US dollar-Malaysian...
HSBC Group believes the undervalued ringgit will recover in 2022 as Malaysia’s economy emerges from a ‘double-dip’ recession despite a lot of uncertainties. Asian economics research co-head Frederic Neumann said even though the US dollar-Malaysian ringgit pairing is hovering near its year-to-date high due to various external challenges, the bank is optimistic about Malaysia’s consumption prospects and exports outlook
Bank is optimistic about country's consumption, exports outlook.
HSBC said on Monday (Jan 17) Bank Negara Malaysia is expected to hike the overnight policy rate by 100 basis points between 2022 and 2023 in anticipation of Malaysia's firmer labour market and higher inflation and as Asia is seen registering stronger domestic demand as the world economy recovers from the impact of Covid-19-driven movement restrictions.
PETALING JAYA: Bank Negara is likely to raise its interest rate this year following the footsteps of the United States (US) Federal Reserve which plans to raise interest rates three to four times this year to fight inflation.