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: Ringgit will Regain Strength Again

KUALA LUMPUR: Bank Negara governor Tan Sri Dr Zeti Akhtar Aziz is again brushing off suggestions to peg the ringgit, saying that doing so would do more harm to the Malaysian economy. The ringgit has hit new 17-year lows against the US dollar in recent weeks, declining 26% year-to-date and closing at 4.395 yesterday. The … Read more