Bank Negara Malaysia

Higher Bond Yields

November 5, 2019

Ten-year sovereign debt yields advanced by another five basis points overnight in Japan and the United States, by 3 bps in Germany and 1 basis point in Great Britain. The dollar fell 0.4% against the Chinese currency, edging back marginally under 7.0 yuan per dollar. Elsewhere, the dollar advanced 0.4% against the Swiss franc and […] More

Markets React to ECB Stimulus, U.S. CPI Data, and Continuing Hopes on Trade Talks

September 12, 2019

Policymakers at the European Central Bank as expected cut the deposit rate by 10 basis points to minus 0.50%, announced an open-ended asset purchase program to start in November at EUR 20 billion per month, said targeted LTRO operations will carry the average deposit rate, and introduced a a 2-tiered system of reserve remuneration in […] More

Dollar and Sovereign Debt Yields Up, but Equities Mostly Down

March 5, 2019

Overnight gains in the dollar amount to 0.6% versus sterling, 0.5% relative to the kiwi, 0.4% vis-a-vis the loonie, and 0.3% against the euro, Swiss Franc and Australian dollar. Ten-year sovereign debt yields climbed two basis points in Germany and the United States and a basis point in Japan. Stock markets fell 0.7% in Indonesia, […] More

Anxious Times for Investors

January 24, 2019

Investors continue to face three big uncertainties: the U.S. government shutdown, the fast-approaching Brexit deadline, and the failure so far of U.S. and Chinese trade negotiators to reach a mutually satisfying agreement. Planned senate votes on the border wall and shutdown are not likely to pass. The on-again, off-again scheduled state of the union address […] More

Malaysia’s 3.25% Overnight Policy Rate Not Changed after Latest Review

September 5, 2018

A statement released by Malaysia’s Monetary Policy Committee projects that inflation, which was at 0.9% in July, will move higher but sees core CPI holding pretty stable. Officials foresee Malaysia’s economy continuing to expand steadily but flag a few near-term risks like “heightened trade tensions, prolonged weakness in the mining and agriculture sectors and some […] More

Markets React as Trump Stirs Pot of Global Disorder Further

July 11, 2018

Share prices dropped 1.8% in China, 1.4% in Hong Kong, 1.2% in Japan, and 0.7% in Taiwan and Australia. In European markets, equities today are down over 1.0% in Germany, Italy, Spain, France and Switzerland, and the DOW dropped some 160 points in the first quarter hour of U.S. trading. There have also been outsized […] More

Bank Negara Malaysia

May 10, 2018

Malaysia’s overnight policy rate was kept steady by the Monetary Policy Committee at 3.25%, its level since a 25-basis point rise in January, which had been the first change since a cut in July 2016 and the first increase since July 2014. According to a released statement, continuing expansion is projected in both exports and […] More

Bank Negara Malaysia Implements First Interest Rate Hike Since May 2011

January 25, 2018

Since Malaysia’s last interest rate increase in 2011, there had been a pair of 25-basis point cuts in July 2014 and July 2016. But growth has been picking up and is expected to exhibit continuing upward momentum in 2018, with better support from exports and continuing strong domestic demand. Although inflation averaging 3.7% in 2017 […] More

Dollar Extends January Losses

January 25, 2018

The dollar declined overnight by 0.5% versus the yuan, 0.4% relative to the Swiss franc and sterling, and 0.2% against the euro, yen, and peso. President Trump arrived in Europe to attend the Davos World Economic Forum. His threat of protectionism is now transitioning into actual action. The Governing Council of the European Central Bank […] More

Bank Negara Malaysia

July 13, 2017

Malaysia’s central bank policy rate was maintained at 3.0%, its rate for the past year. There had been cuts of 25 basis points in both July 2014 and July 2016. Expectations of a possible rate hike later this year have faded as a spike in inflation is being unwound gradually. A statement released today indicates […] More

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