Malaysia: No change to the policy rate by the BNM – UOB
24.01.2022, 12:37

Malaysia: No change to the policy rate by the BNM – UOB

UOB Group’s Senior Economist Julia Goh and Economist Loke Siew Ting comment on the latest interest rate decision by the Bank Negara Malaysia (BNM).

Key Takeaways

“Bank Negara Malaysia (BNM) kept the Overnight Policy Rate (OPR) unchanged at 1.75% … (20 Jan). This came in line with our estimate and market expectations. The next two scheduled monetary policy meetings are on 2-3 Mar and 10-11 May.”

“The overall tone of the latest statement remains optimistic on Malaysia’s growth outlook in 4Q21 and 2022. Key growth drivers include rising global demand, domestic private spending, improved labour market, and ongoing policy support. BNM sees underlying inflation or core inflation rising but to remain modest amid continued slack in the economy and labour market. The inflation outlook, however, is still subject to global commodity price movements and prolonged supply-related disruptions.”

“There was no mention of the need to review the degree of monetary accommodation. BNM continued to judge that the existing monetary policy stance remained appropriate and accommodative. However, given BNM’s sanguine outlook on the economic recovery and to be ahead of the curve, we think BNM may consider normalising interest rates in the coming months. Our view is also backed by improving labour market conditions, progress in vaccinations, and better management of the pandemic. We are revising our OPR view to two 25bps rate hikes, with the first hike in 2Q22 followed by another in 3Q22 (vs. one 25bps rate hike in 3Q22 previously). This will bring the year-end OPR target to 2.25%.” 

© 2000-2024. Sva prava zaštićena.

Sajt je vlasništvo kompanije Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

Svi podaci koji se nalaze na sajtu ne predstavljaju osnovu za donošenje investicionih odluka, već su informativnog karaktera.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

Politika sprečavanja pranja novca

Upozorenje o rizicima

Izvršenje trgovinskih operacija sa finansijskim instrumentima upotrebom marginalne trgovine pruža velike mogućnosti i omogućava investitorima ostvarivanje visokih prihoda. Međutim, takav vid trgovine povezan je sa potencijalno visokim nivoom rizika od gubitka sredstava. Проведение торговых операций на финанcовых рынках c маржинальными финанcовыми инcтрументами открывает широкие возможноcти, и позволяет инвеcторам, готовым пойти на риcк, получать выcокую прибыль, но при этом неcет в cебе потенциально выcокий уровень риcка получения убытков. Iz tog razloga je pre započinjanja trgovine potrebno odlučiti o izboru odgovarajuće investicione strategije, uzimajući u obzir raspoložive resurse.

Politika poverenja

Upotreba informacija: U slučaju potpunog ili delimičnog preuzimanja i daljeg korišćenja materijala koji se nalazi na sajtu, potrebno je navesti link odgovarajuće stranice na sajtu kompanije TeleTrade-a kao izvora informacija. Upotreba materijala na internetu mora biti praćena hiper linkom do web stranice teletrade.org. Automatski uvoz materijala i informacija sa stranice je zabranjen.

Ako imate bilo kakvih pitanja, obratite nam se pr@teletrade.global.

Банковни
транcфери
Feedback
Lajv čet E-mail
Povratak na vrh
Izaberi lokaciju / jezik