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Malaysia central bank to hold rates at 3.0% through end-2024: Reuters poll

Bank Negara Malaysia (BNM) will hold its key policy rate at 3.00% on Thursday, adopting the same no-change stance as most of its Asian peers amidst signs of moderating economic growth and cooling inflation, a Reuters poll of economists showed. Inflation in the Southeast Asian nation dropped to a two-year low of 2.0% in July and the central bank, which does not particularly target inflation in setting monetary policy, said it would cool further. That suggests BNM, having raised rates by a modest 125 basis points in the current cycle, has concluded its tightening but will keep rates higher for longer as the weak ringgit, down over 5% this year, may prevent inflation from falling quickly. ....

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Navios Maritime (NYSE:NM) Research Coverage Started at StockNews.com

StockNews.com began coverage on shares of Navios Maritime (NYSE:NM – Free Report) in a report released on Saturday morning. The brokerage issued a buy rating on the shipping company’s stock. Navios Maritime Price Performance Shares of NYSE NM opened at $1.66 on Friday. The stock has a market capitalization of $37.78 million, a PE ratio […] ....

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Bank Negara Malaysia likely to keep OPR at 3%—OctaFX

OctaFX analyses the likelihood of BNM keeping the Overnight Policy Rate (OPR) unchanged at 3% at the upcoming Monetary Policy Committee meeting on September 6-7. Learn about the potential impact on the Malaysian ringgit. Headline inflation in Malaysia declined to 2% in July, according to the Monetary and Financial Developments by Bank Negara Malaysia (BNM). The domestic financial market and the ringgit exchange rate were driven primarily by expectations that the US Federal Reserve's monetary tig ....

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