News

Bank Negara Malaysia To Hike Rates Again In July & September – Expected To Reach Its Pre-Pandemic Level Of 3.25% In The Second Quarter Next Year

Malaysia’s central bank will raise rates by 25 basis points on Wednesday, its first consecutive rise in more than a decade, to rein in inflation stemming in part from a weaker ringgit as the US Federal Reserve hikes aggressively, a Reuters poll found.

Bank Negara Malaysia (BNM), although dealing with low inflation compared with many other economies, unexpectedly raised its key overnight policy rate by 25 basis points to 2.00% at its May meeting.

All 22 economists in the June 27-July 1 poll forecast rates to rise by another 25 basis points to 2.25% at the July 6 meeting. The central bank last raised rates twice in a row in mid-2010.

Still, BNM, which has said it intends to take a “measured and gradual” pace, was expected to go slow compared with other global peers.

A slight majority of survey respondents, 12 of 22, predicted another 25 basis point rise in September to 2.50%, while the remaining 10 expected no change after a July hike.

Either way, more rate hikes are certainly coming.

“BNM will be mindful of potential upside pressure to inflation stemming from recent increases in the minimum wage, upward adjustments in price ceilings for certain food products, and a pickup in demand-pull inflation on the back of economic reopening,” noted Derrick Kam, Asia economist at Morgan Stanley.

Inflation rose to 2.8% in May from 2.3% in April. The ringgit lost ground last quarter and has weakened nearly 6% so far this year, raising the prospect of imported inflation pressure.

“The ringgit has been falling against the greenback due to aggressive rate hikes by the US Federal Reserve, and raising the overnight policy rate will help to shore up the currency by maintaining the interest rate differential,” said Denise Cheok, an economist at Moody’s Analytics.

For the November meeting, 12 of 22 analysts in the poll predicted rates at 2.50%, eight said 2.75%, while two said 2.25%.

Median forecasts from the poll also predicted 25 basis points hikes in each of the first two quarters of 2023. For Q1 2023, nine of 20 economists expected rates to rise to 2.75%, six forecast 3.00%, while five said 2.50%.

The overnight rate was expected to reach its pre-pandemic level of 3.00% in the second quarter next year. Around half of respondents, nine of 19, predicted it to have risen to 3.00%, six said 2.75%, three said 2.50% and one said 3.25%.

BNM at its May meeting kept its 2022 economic growth forecast between 5.3% and 6.3% and projected headline inflation to remain between 2.2% and 3.2% this year.

107 Comments

107 Comments

  1. Aurliepakt

    July 8, 2022 at 9:58 pm

    fish casino slots game
    free dragons lair slots
    play with my pussy

  2. Shaynapakt

    July 13, 2022 at 10:27 am

    define dissertation
    citing a dissertation mla
    medical dissertation writing services

  3. Shaynapakt

    July 13, 2022 at 11:31 pm

    writing editing service
    phd without dissertation
    dissertation service

  4. Joetepakt

    July 15, 2022 at 12:24 pm

    phd dissertation help download
    dissertation proposal template
    how do i write a dissertation

  5. Chandapakt

    July 20, 2022 at 7:05 am

    dissertation vs thesis
    dissertation proposal sample
    custom dissertation writing help

  6. Avivapakt

    July 21, 2022 at 8:33 am

    writing dissertation abstract
    find a dissertation
    dissertation search

  7. Dortheapakt

    July 22, 2022 at 3:37 am

    writing a dissertation literature review
    dissertation help for phd candidates
    online dissertation help veroffentlichen

  8. Verieepakt

    July 22, 2022 at 11:09 pm

    writing editing service
    dissertation statistics help
    writing a proposal for your dissertation

  9. Glynnispakt

    July 23, 2022 at 3:06 pm

    dissertation proposal writing service
    citing a dissertation mla
    dissertation statistics help

  10. Glynnispakt

    July 23, 2022 at 11:27 pm

    writing a dissertation
    uf dissertation award
    dissertation

  11. Suzannpakt

    July 24, 2022 at 5:59 pm

    free dissertation help
    format for writing dissertation proposals
    define dissertation

  12. Sallipakt

    July 25, 2022 at 12:36 pm

    dissertation help online free
    dissertation introduction
    dissertation proposal template

  13. Darsiepakt

    July 26, 2022 at 9:28 am

    bestdissertation
    books thesis dissertation help
    dissertation writing uk

  14. Tandipakt

    July 26, 2022 at 1:20 pm

    online casino welcome bonus
    best online casino real money
    casino online real money

  15. Mabellepakt

    July 27, 2022 at 7:38 am

    buy dissertation
    thesis help
    phd dissertation help download

  16. Tandipakt

    July 27, 2022 at 2:47 pm

    gambling casino online bonus
    american online casinos
    casino bonus no deposit

  17. Jenneepakt

    July 28, 2022 at 5:03 am

    dissertation thesis writing
    rfp writing services
    doctoral dissertation writing assistance

  18. Abagaelpakt

    July 28, 2022 at 3:06 pm

    more casino games
    best casino online usa
    super slots casino

  19. Herminapakt

    July 29, 2022 at 1:12 am

    dissertation thesis
    dissertation titles
    dissertation writing help

  20. Shaylapakt

    July 29, 2022 at 2:15 pm

    sign up bonus casino
    sign up bonus no deposit casino
    best online casinos usa

  21. Audrepakt

    July 29, 2022 at 8:56 pm

    dissertation editing
    help with dissertation topic
    dissertation help methodology

  22. DewsPiefe

    July 29, 2022 at 9:29 pm

    Aquafish Cephalexin buy cialis cheap

  23. Verenapakt

    July 30, 2022 at 1:06 pm

    casinos online real money
    no deposit welcome bonus casino
    online casinos with no deposit bonus

  24. Hestiapakt

    July 30, 2022 at 4:38 pm

    dissertation help services
    dissertation consulting
    help with writing dissertation proposal

  25. Dixiepakt

    July 31, 2022 at 11:09 am

    casino signup bonus
    online american casinos
    casino online usa

  26. Laureenpakt

    August 1, 2022 at 9:12 am

    usa casino
    sign up bonus casino
    united states online casino

  27. Frannipakt

    August 2, 2022 at 10:06 am

    online real money casino
    real casino online
    casino free bonus

  28. Pearlpakt

    August 3, 2022 at 8:26 am

    american online casinos
    casino sign up bonus no deposit
    real casino online

  29. Bobbiepakt

    August 4, 2022 at 7:03 am

    online casino deposit bonus
    no deposit casino bonus
    online casino no deposit bonus

  30. Lesliepakt

    August 5, 2022 at 5:10 am

    online real money casino
    bonus casino no deposit
    online usa casino

  31. Another technique for locating some preliminary themes is
    to decide out the highest two uncertainties and cross them.

  32. Innovation Management Certification

    August 6, 2022 at 5:39 pm

    At the completion of this system, you will earn an academic certificate from
    The Ohio State University.

  33. Innovation Management Certification

    August 6, 2022 at 5:40 pm

    The Fox School of Business provides greater than 30 student
    skilled organizations.

  34. Innovation Certification

    August 6, 2022 at 5:40 pm

    Suppose one of your key grantees is undergoing an unplanned leadership transition.

  35. What is innovation management course?

    August 6, 2022 at 5:41 pm

    GAQM provides an e-course that takes 30 to 35 hours on average to
    complete that you can take prior to taking the examination.

  36. Innovation Certification

    August 6, 2022 at 5:42 pm

    The incubator hyperlinks numerous regional bio-based assets and business growth packages into one unified program.

  37. Innovation Management Certification

    August 6, 2022 at 5:42 pm

    Automate important operations to provide extremely out
    there, dependable companies.

  38. In this course, you’ll devise a technique to handle
    a portfolio of innovation projects at your group.

  39. Innovation Certification

    August 6, 2022 at 5:42 pm

    However, there are cases when barriers that will restrict or curb imitation of innovations
    are needed.

  40. What is innovation management course?

    August 6, 2022 at 5:42 pm

    Scenario planning allows professionals, and the general public, to reply
    dynamically to an unknown future.

  41. Ricardo

    August 6, 2022 at 5:44 pm

    Accessories additionally play a component as do specialised merchandise that
    cater to explicit trades and applications.

  42. You will learn to recognize the customer’s voice and put that voice into action in your approach to business.

  43. All programs on the School of Management offer versatile class schedules.

  44. Innovation Management Certification

    August 6, 2022 at 5:56 pm

    The program capstone shall be accomplished as the final course in the diploma program.

  45. Innovation Management Certification

    August 6, 2022 at 5:58 pm

    Students may also pursue a graduate certificate or minor through the completion of those elective credits.

  46. Innovation tools

    August 6, 2022 at 5:58 pm

    Drawing on the educational and skilled experience of the authors, this e-book
    is grounded in principle yet managerially practical.

  47. Innovation Certification

    August 6, 2022 at 5:59 pm

    Acceptance of these Distance Learning Higher Education academic credit
    is at all times the prerogative of the receiving institution or employer.

  48. Scenario planning tool

    August 6, 2022 at 6:00 pm

    Develop strategic views and the abilities needed to design, build and manage
    innovation-focused organizations.

  49. Scenario planning tool

    August 6, 2022 at 8:56 pm

    This means working efficient, productive warehouses and distribution facilities is more
    essential now than ever before.

  50. Innovation Certification

    August 6, 2022 at 8:57 pm

    Without automated situation planning tools, you’re probably going by way of a lot of markers!

  51. Innovation Management Certification

    August 6, 2022 at 8:57 pm

    In this course, you will begin to create a roadmap called the innovation placemat.

  52. This achievement proves professional’s abilities
    and capabilities to ship practical outcomes.

  53. article source

    August 7, 2022 at 1:04 am

    you are actually a excellent webmaster. The site loading speed is
    amazing. It seems that you are doing any unique trick.
    In addition, The contents are masterwork. you’ve done a
    fantastic activity on this subject!

  54. address here

    August 7, 2022 at 1:05 am

    My spouse and I absolutely love your blog and find
    nearly all of your post’s to be exactly I’m looking for. can you
    offer guest writers to write content for you personally?
    I wouldn’t mind writing a post or elaborating on most of
    the subjects you write in relation to here. Again, awesome web site!

  55. Ariel

    August 7, 2022 at 3:11 pm

    What’s up, always i used to check web site posts here early in the dawn, since i
    love to gain knowledge of more and more.

  56. Sherlene

    August 7, 2022 at 3:25 pm

    I’ve learn several excellent stuff here. Definitely value bookmarking for revisiting.

    I surprise how much attempt you place to make this sort of excellent informative website.

  57. Jeannine

    August 7, 2022 at 3:57 pm

    My brother suggested I might like this blog. He was totally
    right. This post actually made my day. You cann’t imagine
    simply how much time I had spent for this info! Thanks!

  58. Bobby

    August 7, 2022 at 3:58 pm

    I like the helpful info you provide in your articles. I’ll bookmark your blog and check again here
    regularly. I am quite sure I will learn lots of new stuff right here!
    Good luck for the next!

  59. Shantell

    August 7, 2022 at 3:59 pm

    If you would like to increase your know-how just keep visiting this website and be updated with the latest news
    update posted here.

  60. Ida

    August 7, 2022 at 4:05 pm

    Good way of describing, and pleasant paragraph to take data concerning my presentation topic, which i am going to convey in academy.

  61. Trudiepakt

    August 8, 2022 at 5:29 am

    american online casinos
    online casinos no deposit bonus
    online casino free money

  62. Honorpakt

    August 8, 2022 at 10:09 am

    unlimited free vpn – hola
    best free unlimited vpn
    free vpn for dark web

  63. Jacob

    August 8, 2022 at 12:52 pm

    Hello colleagues, its great article concerning
    teachingand entirely explained, keep it up all
    the time.

  64. Jaynellpakt

    August 9, 2022 at 5:21 am

    free online games to win real money no deposit
    online bingo real money
    free cash bonus no deposit casino

  65. Teddiepakt

    August 9, 2022 at 7:00 am

    avg vpn
    vpn express
    what is the best vpn

  66. Incorporated into the course are the ways we
    course of and browse the visual world that surrounds us.

  67. Innovation tools

    August 9, 2022 at 10:52 am

    Khalid Saeed is widely known for his work on the interface of economics and system dynamics.

  68. Scenario planning tool

    August 9, 2022 at 10:52 am

    During these altering times, careers in well being data provide a path ahead.

  69. Jude

    August 9, 2022 at 10:53 am

    All driving forces which might be thought of unimportant are discarded.

  70. Scenario planning tool

    August 9, 2022 at 10:55 am

    One of his most controversial uses of situations was to suggest that a nuclear warfare could presumably be gained.

  71. Ernestine

    August 9, 2022 at 11:02 am

    By creating multi-functional growth groups, containing
    both workers or customers plus entrepreneurs,
    both dimensions may be solved.

  72. Plus, if you discover yourself being 1st
    of 2nd greatest in the program, your team can earn as a lot as $4000.

  73. You will develop a deep appetite for finding new
    and better ways to ship buyer value and experiences.

  74. Innovation tools

    August 9, 2022 at 11:14 am

    Design of future workforce capabilities and skill sets
    should be intentional and aligned with new digital working fashions.

  75. Demonstrate proficiency in oral and written communication appropriate to engineering leadership and innovation management.

  76. Adalberto

    August 9, 2022 at 11:49 pm

    It’s remarkable in favor of me to have a site, which is valuable for my know-how.
    thanks admin

  77. Jeramy

    August 9, 2022 at 11:51 pm

    Hello, Neat post. There’s an issue with your site in web explorer,
    might check this? IE still is the marketplace leader and a
    big component to other folks will miss your fantastic writing due to this problem.

  78. Lavada

    August 9, 2022 at 11:55 pm

    Thank you, I have just been looking for info about this subject
    for a while and yours is the greatest I have came upon so far.
    But, what about the bottom line? Are you positive about the supply?

  79. Kacey

    August 10, 2022 at 12:05 am

    Outstanding quest there. What happened after?
    Thanks!

  80. Suzanna

    August 10, 2022 at 12:07 am

    Thanks for sharing your thoughts about browse around this site.
    Regards

  81. Chance

    August 10, 2022 at 12:07 am

    Hey there! This post could not be written any better!
    Reading this post reminds me of my previous room mate!
    He always kept talking about this. I will forward this article
    to him. Fairly certain he will have a good read.
    Thank you for sharing!

  82. Nancy

    August 10, 2022 at 12:39 am

    Very energetic post, I liked that bit. Will there be a part 2?

  83. Olen

    August 10, 2022 at 12:50 am

    I read this post completely concerning the resemblance of
    newest and previous technologies, it’s remarkable article.

  84. Harrison

    August 10, 2022 at 12:50 am

    I visited many web pages but the audio feature for audio songs current
    at this web site is really fabulous.

  85. Houston

    August 10, 2022 at 12:53 am

    Wow, amazing blog layout! How long have you been blogging for?

    you made blogging look easy. The overall look of your website is fantastic, as well as
    the content!

  86. Liza

    August 10, 2022 at 12:56 am

    This is my first time visit at here and i am genuinely happy to
    read everthing at one place.

  87. Jerilyn

    August 10, 2022 at 2:10 am

    Great post however I was wanting to know if you could write
    a litte more on this topic? I’d be very thankful if you could
    elaborate a little bit further. Bless you!

  88. Katlyn

    August 10, 2022 at 2:21 am

    Hello! I could have sworn I’ve visited this website before but after looking at many of the posts I realized it’s new to me.

    Anyways, I’m certainly delighted I came across it and I’ll be bookmarking it
    and checking back frequently!

  89. Reva

    August 10, 2022 at 2:51 am

    Its like you read my mind! You appear to know so much about this,
    like you wrote the book in it or something. I think that you can do with some pics
    to drive the message home a little bit, but instead of that, this is fantastic blog.

    A great read. I will certainly be back.

  90. Evangeline

    August 10, 2022 at 3:08 am

    Hi Dear, are you actually visiting this site regularly, if so after
    that you will without doubt get nice knowledge.

  91. a fantastic read

    August 10, 2022 at 11:21 am

    Hello there, I discovered your site by way of Google
    even as searching for a comparable matter, your site got here
    up, it appears to be like great. I’ve bookmarked it in my google bookmarks.

    Hello there, just turned into aware of your weblog thru Google, and found that
    it’s really informative. I am gonna be careful for brussels.
    I will be grateful for those who continue this in future.

    Numerous folks will likely be benefited from
    your writing. Cheers!

  92. Juliane

    August 10, 2022 at 11:24 am

    I am truly happy to read this blog posts which includes plenty of helpful facts,
    thanks for providing such data.

  93. Jeannie

    August 10, 2022 at 11:34 am

    Nice post. I learn something new and challenging
    on sites I stumbleupon on a daily basis. It will always be
    exciting to read through articles from other authors and practice something from their web sites.

  94. Jacquelyn

    August 10, 2022 at 11:35 am

    Yes! Finally something about a cool way to improve.

  95. Dulceapakt

    August 10, 2022 at 1:10 pm

    casino games for real money
    casinos online usa
    free money no deposit casino

  96. Danae

    August 10, 2022 at 9:33 pm

    WOW just what I was looking for. Came here by searching
    for additional reading

  97. Charla

    August 10, 2022 at 9:36 pm

    I don’t know if it’s just me or if perhaps everyone else
    encountering issues with your site. It looks like some of the written text
    in your posts are running off the screen. Can somebody else please comment and
    let me know if this is happening to them as well? This may be a problem with my web browser
    because I’ve had this happen before. Appreciate it

  98. Leroy

    August 10, 2022 at 9:37 pm

    An impressive share! I’ve just forwarded this onto a
    colleague who was doing a little homework on this.
    And he actually bought me dinner due to the fact that I found it for him…
    lol. So allow me to reword this…. Thank YOU for the
    meal!! But yeah, thanx for spending time to talk
    about this issue here on your site.

  99. Lida

    August 10, 2022 at 9:45 pm

    It’s amazing in support of me to have a website, which is good for my knowledge.
    thanks admin

  100. Frieda

    August 10, 2022 at 9:48 pm

    I am curious to find out what blog system you’re working
    with? I’m experiencing some minor security issues with my latest website and I would like to find something more safe.

    Do you have any solutions?

  101. Ferne

    August 10, 2022 at 9:48 pm

    What’s Happening i am new to this, I stumbled upon this I have discovered It positively useful and it has aided me
    out loads. I’m hoping to give a contribution & assist other
    customers like its helped me. Good job.

  102. graliontorile

    August 11, 2022 at 8:41 am

    I am pleased that I discovered this web blog, just the right info that I was looking for! .

  103. Jenneepakt

    August 11, 2022 at 11:13 am

    free trial vpn
    vpn to buy crypto
    best personal vpn

  104. Carolanpakt

    August 11, 2022 at 12:24 pm

    online casino bonuses
    sign up bonus no deposit
    gambling casino online bonus

  105. Ashleighpakt

    August 12, 2022 at 7:55 am

    business vpn internet
    hotspot shield free vpn.
    free vpn trial

  106. Fanyapakt

    August 12, 2022 at 12:18 pm

    bingo casino online
    real money online slots
    online bingo real money

  107. Kelseypakt

    August 13, 2022 at 6:15 am

    proton vpn download
    india vpn free
    what does vpn stand for

Leave a Reply

Your email address will not be published.

Most Popular

To Top