Central Bank Watch
Malaysian Central Bank Interest Rate Cut
May 5, 2020
Bangko Negara Malaysia cut its overnight policy rate by 50 basis points to 2.0%. Including 25-basis point reductions in January and March, that brings the total decline thus far in 2020 to a full percentage point. These cuts have been complemented by other monetary and financial measures according to a released statement. It notes that […] More
New Overnight Developments Abroad - Daily Update
More Weak Data, More Holiday Closures, and a Few Monetary Policy Reviews
May 5, 2020
Markets didn’t trade today in China (Labor Day), Japan (Children’s Day), or South Korea (also Children’s Day). Share prices elsewhere in the Pacific Rim went up 1.6% in Australian, 1.1% in Hong Kong, 0.9% in Malaysia (aided by an interest rate cut), and 0.5% in Indonesia and Taiwan. India’s Sensex index fell 0.8%, but European […] More
