Ringgit expected to remain weak, BNM may keep OPR at 3.25% in 2016

Analysts expect the Ringgit to remain weak and Bank Negara to keep the overnight policy rate (OPR) at 3.25 percent in 2016, following the interest rate hike by the US Federal Reserve, reported The Sun Daily. Notably, the Fed’s Open Market Committee (FOMC) increased the target range for the federal funds rate (FFR) to 0.25 … Read more

Zeti: Malaysian Ringgit will bounce back

Currency depreciation against the US dollar is not only happening in this country, according to Bank Negara Malaysia (BNM) Governor Tan Sri Dr Zeti Akhtar Aziz in a report from Bernama. As of noon today, 1 US dollar is equivalent to 4.23 Malaysian ringgit, down from RM4.25 in the corresponding period on Thursday. While this … Read more

Malaysia’s Ranking In Economic Freedom A ‘Big Success’

Malaysia’s improved ranking in the Economic Freedom of the World report, from 74th place in 2014 to 58th place this year, was a ‘big success’. The report was released by the Institute for Democracy and Economic Affairs (IDEAS) along with Canada’s Fraser Institute. Based on data from 2013, which is the most recent year available, … Read more