Archive for May 11th, 2022

Central Bank Watch

Malaysia’s First Central Bank Rate Hike Since 2018 Surprised Analysts

May 11, 2022

There’s been a 25-basis point increase in Bank Negara Malaysia’s policy interest rate that was not foreseen by analysts. This hike to 2.0% from 1.75% marks the first increase since January 2018. Malaysian CPI inflation in April of 2.2% had been a tad low than forecast and matched the lowest level since August 2021. A […] More

New Overnight Developments Abroad - Daily Update

Investors Believe that Today’s U.S. CPI Report Will Show a Lower Inflation Rate

May 11, 2022

Ahead of April CPI figures due at 12:30 GMT (08:30 EDT), U.S. stock futures are pointing to a rise of 1.0% or more. Analysts are predicting that on-year inflation will be closer to 8.0% than March’s 483-month high of 8.5%. It is an act of faith based in part on base effects as high month-on-month […] More

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